Pico Interactive, a San Francisco, CA-based global tech company that develops innovative virtual reality (VR) and enterprise solutions, closed a $37.4M (€31.4M) Series B+ funding round.
This round was jointly completed by Co-Stone Asset Management Co., Ltd., Shenzhen Yidun Media Investment Fund, Jianyin International Capital Management (Tianjin) Co., Ltd., and CCBI Tech Venture (Suzhou). Combined Debt & Equity Private Equity Fund LLP. Pico has now raised a total of $67.23M (€56.48M) in B and B+ funding.
The company intends to use the funds to grow its B2C presence in Asia as well as initiatives in Western markets by expanding the number of B2B partners and boosting new product development.
Led by Zhou Hongwei, CEO, Pico Interactive focuses on innovative VR and AR solutions which enable businesses to create and experience the best in VR and Interactive Computer-Generated Imagery (CGI). With operations in the United States, Europe, China and Japan, the company launched four new headsets in 2020 alone.