[Baidu VR article, reproduced please indicate the source]
HYPEREAL, a domestic VR start-up company, recently announced the completion of round B financing and has received a million-dollar investment from Qiming Ventures. This is the third round of financing that Hypereal has completed since its establishment in July 2015. For a VR start-up company, this result is undeniable.
“HYPEREAL has been established since its establishment and has always insisted on independent development from the underlying technology to hardware and software. Strong technical and elite teams have enabled us to obtain three rounds of financing in the first and half years of establishment.†Hyperce CEO Huang Chaiming is full of the future of Hypereal. Confidence, “Right now, B-round financing has been completed. It represents a step forward for HYPEREAL on the VR dream journey. We will increase our investment in product research and development and create the world’s leading full set of VR solutions.â€
World attention
HYPEREAL's first-generation product shined on China Joy in July 2016 and was called by the media as a dark horse in the VR world. On February 13, 2017, Hypereal has generously open-sourced its own laser positioning technology. It is the only 100% open source positioning system in the world. February 28, 2017 Hypereal made a speech entitled “VR in China†at VRDC@GDC held in San Francisco, USA, and demonstrated the same game with Oculus Rift and its own products on the same platform, which attracted the US media and global VR market. attention.
The VRDC@GDC "VR in China" presentation also demonstrated the effects of Hypereal and Oculus
HYPEREAL's solid technical foundation and comprehensive strength have won recognition from international manufacturers such as Nvidia, AMD and Intel. In the future, Hypereal will always use technology as the company's core driving force to maintain this spirit of craftsmanship and move forward step by step to the imaginary VR world.
Qiming Venture Capital Helps Hypereal to Break through
The funding for this round of B-financing comes from Qiming Ventures, which enjoys a good reputation in the venture capital community in China. Founded in 2006, Qiming Venture Capital has become a behind-the-scenes driver for China's start-up companies, with total assets of US$2.7 billion. Up to now, Qiming Venture Capital has invested in more than 180 companies, including: Xiaomi, Dazhong Reviews, Mushroom Street, Mito Co., Ltd., Huanbu Munet, and Mobike Bicycles. This time, Hypereal will be assisted by Qiming Venture Capital and will better achieve self breakthrough and constant innovation.
HYPEREAL has been established for a year and a half, witnessing the fiery influx of VR market from the initial capital, and the recent changes in the so-called “VR winterâ€. However, Hypereal has always believed that real strength and technology do not exist in winter. Although the industry is facing a shake-up and reshuffling, good products and technologies will pass the test of time and survive the waves and stand at the top of the industry pyramid. The "winter" is just a calm reflection of capital and a rational return. Investors are always concerned about the company's innovative business perspective, excellent technical strength, and excellent team structure.
Mr. Ruan Ziping, one of the founders of Qiming Venture Capital, once stated that most VR projects that currently play "concepts" on the market are not competitive. What is emphasized in the VR hardware field is real technical innovation. It is not a play concept that can gain a firm foothold in this emerging but highly competitive industry.
Mr. Ye Guantai, a partner of Qiming Capital Partners, led the investment. He mentioned that “VR and AR are the most promising emerging technology industries in the next 10 years. VR's 360-degree immersive experience gives users no sense of presence. Comparable: In the past two years, the enlightened team has done a lot of research and interviews with many domestic and foreign VR technology companies. We believe that HypereAL is a very few domestic and foreign companies with independent development capabilities of the underlying hardware and software, and also the company's future good development. The outlook and the leading position in the industry are full of confidence. We are honored to have the opportunity to become shareholders of the company."
Fearless "winter"
HYPEREAL began developing its own VR products when the VR market was still in its infancy. In the short term, CEO Huang Chai Ming assembled the top talents from the China University of Technology robot team and the Tsinghua Computer Experimental Class. They conquered the technical difficulties in a very short period of time. The level of prototype made in 2 months was the most mature in the VR industry at the time. product. Perhaps the investors saw the potential and ambition of Hypereal. In the first year and a half after its establishment, Hypereal has received 10 million RMB-level angel round investment from Hewlett-Packard Capital, and US$10 million dollar A-round from US$ SIG Heinek Asia. The investment and the USD 10 million dollar B round investment from the US dollar fund Kaiming Venture Capital.
"B round of funds is mainly used for mass production of new products and VR content operation and ecosystem establishment that we will release on March 27. It will also be used to increase talent building efforts and invest in the research and development of new products. HYPEREAL CEO Huang Chai Ming said. Strong capital support makes Hypereal more focused on the refinement and innovation of its own technology.
HYPEREAL is fortunate, but Hypereal is working harder. The completion of Round B financing is another eye-catching milestone for Hypereal, and it is a new starting point. HYPEREAL will also guard against arrogance, and strive to create the ideal VR products, so that consumers can imagine, create and share in the world of Hypereal.
More expectations - small spoilers at the conference
On March 27th at Hypere Beijing New Product Conference, Hypereal will soon release a new generation of VR head-display hardware products and a number of self-developed software to make VR experience a qualitative leap in all aspects. In addition, the conference will invite guests from Nvidia, Amazon, AMD and Intel to join with Hypereal to witness a new generation of VR products that are better, more powerful, and more advanced.
About Hypereal
HYPEREAL was established in July 2015 in Shanghai Caohejing Development Zone. It is the only VR technology company in China with independent SDK, positioning system, 3A content team and hardware equipment. As one of the companies with the highest valuation in the domestic virtual reality industry, it has obtained three rounds of funding from Hewlett-Packard Capital, SIG Hainer Asia, and Qiming Venture Capital within a year and a half. The core members of the team are mainly from California Berkeley University, University of Pennsylvania, Brown University, China University of Science and Technology, Jiaotong University, Tsinghua University, Zhejiang University and other top domestic and foreign institutions, with strong research and development capabilities in hardware and software and content, R & D personnel in the team accounted for 70%.
About Qiming
Qiming Venture Capital was established in 2006 and has a reputation for being a top performer in the venture capital community in China with its outstanding investment performance. Has offices in Shanghai, Beijing, Suzhou and Hong Kong. In 2016, Qiming raised a fund to invest in healthcare in the United States and established Qiming America in Seattle. Currently, Qiming Venture Capital manages five US dollar funds, four RMB funds, and has total assets of 2.7 billion U.S. dollars.
Qiming Venture Capital is committed to becoming the preferred investment partner of China's outstanding entrepreneurs. Since its inception, it has focused on investing in outstanding companies in the early and growing stages of the industry, including Intersumer, Healthcare, Information Technology (IT), and Clean Technology. Up to now, Qiming has invested in more than 180 companies, of which more than 30 have been listed on the New York Stock Exchange, Nasdaq, the Hong Kong Stock Exchange, the Taiwan Cabinet Buying Center, the Shanghai Stock Exchange A-shares and the Shenzhen Stock Exchange, or won through mergers and acquisitions. Return on investment.
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