Fove, Inc., a San Francisco, CA-based eye-tracking Virtual Reality headset company, raised US$11m in Series A funding.
The round was led by Colopl VR Fund with the participation of Hon Hai venture capital fund, 2020, and Samsung Venture Investment.
The company will use the funds to accelerate mass production of the device in the Fall of 2016, and strengthen its mid- to long-term R&D capabilities and enhance business support in VR content creation featuring eye-tracking technology.
Led by Yuka Kojima, CEO and co-founder, Fove is making head-mounted display (HMD) featuring eye-tracking technology, orientation sensing, and head position tracking, which enables users to experience high precision control and an immersive and natural interaction with the virtual characters.
The platform will be operating in over 7,500 Internet cafes in Korea and Japan.