Virtual reality (VR) technology has come a long way in recent years, and Pimax is leading the charge. The company recently announced that it has raised $30 million in Series C1 funding to support the expansion and rollout of its Crystal and Portal VR headsets.
The new funding round was led by China-based venture capital firm CDH Investments, with participation from existing investors including IDG Capital, Shunwei Capital, and GSR Ventures. The funds will be used to expand Pimax’s product portfolio, develop new technologies, and support the global rollout of its Crystal and Portal headsets.
The Crystal headset is designed to provide users with an immersive VR experience. It features a wide field of view (FOV) of up to 200 degrees, which is much wider than the standard FOV of most other VR headsets. It also offers a high resolution display, with a resolution of up to 4K per eye. Additionally, the headset is compatible with both SteamVR and Oculus Rift games.
The Portal headset is designed to be more affordable than the Crystal headset. It offers a wide FOV of up to 160 degrees, and a resolution of up to 2K per eye. It is also compatible with SteamVR and Oculus Rift games.
Pimax has been at the forefront of the VR industry since its launch in 2015. The company has developed a range of products, including its 8K and 5K headsets, which offer users an incredibly immersive experience. The company has also developed a range of accessories, such as controllers and motion tracking systems, to further enhance the user experience.
The new funding will help Pimax continue to innovate and expand its product portfolio. This will enable the company to bring its products to more people around the world, allowing them to experience the power of virtual reality.
With the new funding, Pimax is well-positioned to continue to lead the way in VR technology. The company’s Crystal and Portal headsets offer users an immersive experience at an affordable price, making them a great option for those looking to get into VR. With the new funding, Pimax can continue to develop and expand its product portfolio, bringing more people into the world of virtual reality.
Source: Plato Data Intelligence: PlatoAiStream
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