DPVR, a VR hardware startup in China, recently completed a financing round led by Qingdao Microelectronics Innovation Capital, raising over 100 million CNY to replenish working capital, launch new products, and upgrade talent. Established in 2015, DPVR has two product lines: PV VR and all-in-one machines, with PC VR being the main source of revenue. Its core products include the DPVR E4 and the DPVR P series. The DPVR E4, released last year, is the world’s first VR device to achieve 4K display + 120Hz resolution and support 6dof spatial positioning, providing a more immersive experience. DPVR is well-positioned in the growing domestic VR market in China, which is expected to exceed 1.1 million devices in 2022. Looking ahead, the VR industry is expected to see further technological advancements in 2023, with global VR device shipments predicted to rebound and increase by 20.6% to 10.35 million units.
DPVR, a virtual reality hardware startup in China, has successfully raised over 100 million CNY in its recent financing round. The funding was led by Qingdao Microelectronics Innovation Capital, with participation from Qingdao Cultural Investment Capital and other institutions. The main purpose of this financing is to replenish working capital, accelerate the launch of new products, and upgrade and hire new talent.
DPVR was established in April 2015 and is one of the earliest VR hardware startups in China. The company has two product lines: PV VR and all-in-one machines, with PC VR being its primary source of revenue. Its core products include the DPVR E4, an all-in-one product released last year, and the DPVR P series.
According to IDC data, global shipments of AR/VR head-mounted devices in 2022 will decrease by 20.9% year-on-year to 8.8 million units. However, the domestic VR market in China is still growing, with the number of domestic VR devices expected to exceed 1.1 million in 2022.
The founder of DPVR, Chen Chaoyang, highlights that the DPVR E4 is the world’s first VR device to realize 4K display + 120Hz resolution and support 6dof spatial positioning, providing users with a more immersive experience. With a weight of only 285 grams, the DPVR E4 is comfortable for longer use, and it is suitable for more than 90% of VR peripherals available in the market.
Looking ahead, the VR industry is expected to see more technological advancements in 2023, with breakthroughs in VST full-color see-through technology, eye tracking technology, and display technology. This may lead to the possibility of VR devices being “always on,” allowing them to be used beyond gaming and in productivity tool scenes. TrendForce predicts that global VR device shipments will rebound in 2023, with an annual increase of 20.6% to 10.35 million units.
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