GravityXR, a leading manufacturer of Extended Reality (XR) glasses chips, has recently secured new funding with miHoYo among its investors. The company has been making waves in the XR industry with its innovative technology that enables the creation of high-quality XR glasses that are both affordable and accessible to consumers.
The new funding round, which raised $2.5 million, was led by miHoYo, a Chinese video game developer and publisher known for its popular game Genshin Impact. Other investors included Presence Capital, The Venture Reality Fund, and Super Ventures.
The investment will enable GravityXR to further develop its technology and expand its reach in the XR market. The company’s XR glasses chips are designed to be integrated into a variety of devices, including smartphones, tablets, and smart glasses. This allows users to experience immersive XR content without the need for expensive and bulky equipment.
One of the key advantages of GravityXR’s technology is its low power consumption. This means that XR glasses equipped with GravityXR chips can be used for extended periods without the need for frequent charging. Additionally, the company’s chips are highly customizable, allowing manufacturers to tailor their XR glasses to specific use cases and user preferences.
The XR market is expected to grow rapidly in the coming years, with projections indicating that it could reach $209 billion by 2022. This growth is being driven by a variety of factors, including the increasing availability of high-speed internet and the growing popularity of XR applications in industries such as gaming, healthcare, and education.
GravityXR is well-positioned to capitalize on this growth, thanks to its innovative technology and strong partnerships with leading companies in the XR industry. With the new funding secured from miHoYo and other investors, the company is poised to continue pushing the boundaries of what is possible in the world of XR.
In conclusion, GravityXR’s recent funding round with miHoYo and other investors is a testament to the company’s innovative technology and its potential to revolutionize the XR industry. With its low power consumption, high customizability, and affordability, GravityXR’s XR glasses chips are poised to become a key component of the next generation of XR devices. As the XR market continues to grow, GravityXR is well-positioned to be a major player in this exciting and rapidly evolving industry.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: Plato Data Intelligence: PlatoData