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AmazeVR introduced it has raised $17 million in new investments as a part of its present spherical of fundraising. This brings the overall quantity raised in its Sequence B to $32 million.
New strategic buyers embody CJ ENM and Krafton. Previous buyers reupping their pursuits embody Mirae Asset Capital, Mirae Asset Enterprise Funding, CJ Funding, Smilegate Funding, GS Futures, and LG Expertise Ventures. The spherical will keep open by way of the tip of the yr.
AmazeVR provides a VR-based live performance platform and have become particularly fashionable throughout the pandemic. Earlier this yr it hosted Megan Thee Stallion’s Enter Thee Hottieverse VR live performance sequence. In response to AmazeVR, the corporate plans to broaden its relationships with artists and rent extra workers (the corporate presently has 62) in preparation for future VR headset releases.
A CJ ENM spokesperson mentioned in a press release, “The VR leisure trade is rising quickly, and we consider that music and gaming are two of probably the most promising sectors for future growth. CJ ENM plans to transform live shows and music TV reveals to VR music experiences with AmazeVR’s prime know-how, and convert further unique content material similar to dramas and flicks sooner or later to maximise their content material worth and enterprise alternatives.”
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