Pimax, the China-based creator recognized for its broad discipline of view (FOV) VR headsets, introduced it’s secured a $30 million sequence C1 financing spherical, one thing the corporate says will support within the rollout of its new portfolio of VR gadgets.
The sequence C1 was led by Beijing-based funding agency Tuanmu Capital. This follows the corporate’s $20 million sequence B in 2020, bringing the corporate’s lifetime exterior funding to over $69 million.
In a press assertion, the corporate says the funds shall be used to speed up progress of its coming line of VR headsets, Pimax Crystal and Pimax Portal, improve its place as each a shopper and enterprise-focused firm, and enhance funding in R&D.
Based in 2015, Pimax is finest recognized for its first Pimax “8K” headset Kickstarted in 2017, a shopper PC VR headset that included twin 4K panels offering an estimated 200-degree FOV, by far one of many largest within the business on the time. Even at this time, many shopper headsets, equivalent to Meta Quest 2 and HTC Vive XR Elite, characteristic FOVs round 110 levels.
The corporate has since gone on to supply a number of iterations of its broad FOV headset, but in addition is ready to launch each its VR standalone Pimax Crystal and hybrid Portal machine, the latter of which might convert between a Nintendo Swap-style gaming handheld and a VR headset.
Each Pimax Crystal and Pimax Portal are anticipated to launch in some unspecified time in the future in “early 2023”, with Crystal out there for pre-order on the corporate’s web site and Portal nonetheless within the success stage from its profitable 2022 Kickstarter, which garnered simply over $350,000 from backers.
“In fact, we’re delighted with this new spherical of funding, because it permits us to spice up our manufacturing capability to satisfy the quickly rising demand for our new VR merchandise, in addition to to enhance each our {hardware} and software program additional,” mentioned Pimax Founder Robin Weng. “We’ve been innovating VR expertise and we’ll carry on doing that sooner or later, at all times pushing the boundaries of what’s doable via expertise.”
The Shanghai-based firm now boasts over 300 staff in workplaces unfold throughout workplaces in San Jose, Stockholm, Hong Kong, Shanghai, Hangzhou, Qingdao, and Chengdu.