Looking to strengthen its accumulation of technologies and games for virtual reality (VR), Pico Interactive has raised $37.4 million in funding.
Pico said the funding will also support the company’s initiatives in Western markets by expanding partners and boosting new product development, and increasing its presence in Asia.
The funding round was jointly completed by Co-Stone Asset Management Co. Ltd., Shenzhen Yidun Media Investment Fund, Jianyin International Capital Management Co. and CCBI Tech Venture. Pico said it has now raised $67.23 million in funding.
Pico is developing VR headsets for the enterprise market and rolled out four new headsets in 2020. Its Neo 2 and Neo 2 Eye headsets feature 4K resolution, enterprise functionality, spatial stereo speakers and an all-PU facial interface for hygiene. The Neo 2 Eye model adds eye tracking functionality powered by Tobii spotlight technology.
Pico said it plans to introduce an updated model to the Neo 2 headset, called the Neo 3, later this year.
Pico’s G2 4K S and G2 4K Enterprise headsets have 4K resolution, 101° field of view as well as silicone straps and a PU facial interface for easy cleaning.
