DPVR Closes Multimillion-Dollar Financing

DPVR new product poster

DPVR, a Shanghai, China-based company specializing in virtual reality (VR) device design and manufacturing, raised a multimillion dollar funding round.

The amount of the deal was not disclosed.

The round was led by Huaqiang Equity and previous investors Qianyi Equity and Lianxin Funds Management company, which was funded by Union Optech (300691.SZ).

The company intends to use the funds to advance its core technology, new product development and hiring more tech talents.

Founded by Sunny (Chaoyang) Chen, DPVR has focused on designing and manufacturing VR headsets for seven years. In June 2022, the company announced that it would enter the mass market with the launch of a new generation 6DoF gaming VR headset based on machine vision technology, bringing users a superior “metaverse” interactive experience.

DPVR 6DoF gaming headset will be available shortly for elite gamers worldwide.