ODG and AxonVR Got Fundings, Chinese Capital Involved

ODG

Recently, San Fransico American Military Techonology ODG announced the completion of 58 million USD A round financing and the company will use this investment to “enhance current production capacity”, “integrate new product line” and get prepared for the January International Consumer Electronics Show (CES).

odg

According to UploadVR, the participants of ODG financing includes Shenzhen O-Film Tech Co.,Ltd, Shenyang Wanfund Urban Investment & Development Co., Ltd, Twenty-First century Fox, Inc and some individual investors.

Among them, O-Film has recently invested in a Chinese VR headset company 3Glasses as well.

AxonVR

According to BusinessWire, AxonVR™, the pioneer in advanced haptic technology and creator of the HaptX™ Platform, announced today that it secured $5.8M in a recently-completed seed funding round. This represents the largest investment to date in a virtual reality haptics company. The round was led by NetEase (NASDAQ:NTES), a leading internet technology company in China, and Dawn Patrol Ventures, and includes former Twitter CEO Dick Costolo.

“We envision a world in which virtual experiences are indistinguishable from real life,” said Jake Rubin, Founder and CEO of AxonVR. “This funding enables us to deliver HaptX technology to our first enterprise partners. It’s a big step towards achieving our vision.”

HaptX is a haptic textile that simulates lifelike touch, allowing users to feel the physical properties of virtual objects. HaptX can bring the sense of touch to any surface. The lightweight, flexible material can be applied to wearables and other form factors. HaptX technology has broad enterprise uses in location-based entertainment, training and simulation, and design and manufacturing.

axonvr-platform

NetEase (NASDAQ: NTES) is a leading Internet technology company in China. Its biggest revenue comes from gaming. This year, NetEase has become the biggest gaming publisher on iOS China region. Also in partnership with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers, NetEase also operates some of the most popular international online games in China.

NetEase has kept an close eye on VR industry. It recently released a game on Daydream as launch title, called Twilight Pioneers.

Author: vrinchinaadmin

admin of VR-in-China.com

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