As virtual reality (VR) technology finally heads towards the consumer market, interest in companies working in the industry is growing, as are investments in them. To that end, uSens, a Silicon Valley-based group working on full 3D interactive solutions for both VR and augmented reality (AR) has this week announced the completion of a pre-Series A financing round, raising some $5.5 million USD.
The funding around was co-led by IDG Ventures, Lebox Capital and Maison Capital and completed back in June 2015. uSens is currently working on a VR product known as Impression Pi, its very own VR head-mounted display (HMD) that incorporates 3D gesture control. It’s also working what it calls ‘Super Reality’, combining both AR and VR and taking their best elements to come up with entirely new experiences.
“Being able to attract such world-class investors is the ultimate seal of approval that we are in the right place at the right time with the right solution,” Anli He, CEO of uSens, said of the news. “This funding gives us the financial strength to support the explosive growth we anticipate over the coming months. It has also given us the solid foundation from which we have started raising uSens’ series A funding round.”
VRFocus will continue to follow uSens closely, reporting back with the latest updates on its progress.