Deepoon Received 10M+ USD Financing

Deepoon VR CEO announced in early Jan.2017 its open letter that they have accomplished a new round of financing led by Kingnet.com and followed by other VR industry funds, total amount exceeding 10m USD.

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In December 2015, Deepoon VR accomplished 0.18b RMB(26m USD) B round financing. That round is led by Xunlei and followed by Kingnet.com and the three parties reached a strategic cooperation.

In August 2016, Deepoon VR had another 24.85m RMB(3.59m USD)strategic financing from kingnet.com as well.

Nokia and Youku Teamed up to Bring VR Contents to Vast Chinese Viewers

Recently, Nokia announced its content development strategic cooperation with Youku. In the future, Youku users and content producers will be able to enjoy high end OZO VR content solutions.

According to Youku, it has around 0.5 billion monthly active users on its platform and the daily page view is over 1.1 billion. After its strategic cooperation with Nokia, Youku will be able to use the OZO services from Nokia, including OZO cameras, OZO software pack, SDK player and OZO audio technology solution.

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“China has the fastest grow VR market in the world, therefore they will have huge demand for high quality VR content as well.” VP of Digital Media at Nokia, Paul Melin said, “Our partnership with Youku can bring high end VR content with premium quality to millions of users. ”

Currently, Youku is the only Chinese content publish platform that teamed with Nokia’s VR ecosystem. VR professionals can utilize Nokia’s SDK to develop contents aiming for different mainstream platforms such as Oculus Desktop, Oculus Mobile, Gear VR, HTC Vive and Google VR.

Goertek Acquired Kopin

On January 3rd, Goertek announced that their plan to acquire 7.339 million Kopin common stock with 23,851,750 USD (approximately 164,577,075 RMB).

After this transaction, Goertek will own around 9.80% of Kopin’s total common stock. According to the announcement, Kopin is a NASDAQ stock exchange listed company that develops and provides advanced innovative wearable technology and solutions in head-mounted computer and display system for military, industry and commercial customers.

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Kopins head-mounted product: Solos

The announcement also mentioned about a series of strategic cooperation agreement the company signed with Kopin. They will combine the company’s advance design and manufacture ability with Kopin’s leading technology in subminiature display, voice chip, optics, OLED display, battery, VR and components fields to further develop and sell a series of AR/VR etc. wearable products.

Leyard Acquired OptiTrack’s Company

Leyard announced on Dec.30th 2016 that the company is considering a 1.22billion private share placement, among which 0.86 million will be used to acquire NaturalPoint’s 100% share and the real estate projects they are managing while the other 0.36 billion will be used to fund its liquidity.

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Founded in 1996, NP is the world‘s leading 3D optical motion capture company. Its OptiTrack optical motion capture products are the front runners in VR/AR field as many of the motion capture solutions in the market utilize its OptiTrack optical capture module.

Founded in 1995 with a registered capital of 1.5billion, Leyard is a company specialized in design, production, distribution and service of LED display and LED light.

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Leyard’s acquisition of NatrualPoint is a contuniation of its layout in AR and VR field. Formerly they have strategically invested HeiVR with 15million. HeiVR mainly focused on the current heat: offline VR experience stores and is developing a multi-person interactive VR theme park Pangolin now. Apart from that, Leyard announced its investment in the AR star company Magic Leap before as well.

ODG and AxonVR Got Fundings, Chinese Capital Involved

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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).

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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.

Continue reading “ODG and AxonVR Got Fundings, Chinese Capital Involved”

3Glasses got 60M RMB Investment from O-film

3Glasses got 60M RMB investment from O-film, estimated value 0.56B RMB

ShenZhen VR technology company 3Glasses has got 60M RMB (around 8.7M USD) investment from ShenZhen O-film. After this round of investment, 3Glasses’ estimated value is  0.56B RMB (around 81M USD) and O-film will get 10.7143% of 3Glasses’ stock as well as a seat in the board meeting to decide the VR layout.

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Continue reading “3Glasses got 60M RMB Investment from O-film”