Categories: Technology

AmazeVR raises $17M in new cash for its live performance platform

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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 entire quantity raised in its Collection B to $32 million.

New strategic traders embrace CJ ENM and Krafton. Previous traders reupping their pursuits embrace Mirae Asset Capital, Mirae Asset Enterprise Funding, CJ Funding, Smilegate Funding, GS Futures, and LG Expertise Ventures. The spherical will keep open via the top of the yr.

AmazeVR gives a VR-based live performance platform and have become particularly fashionable in the course of the pandemic. Earlier this yr it hosted Megan Thee Stallion’s Enter Thee Hottieverse VR live performance sequence. In keeping with AmazeVR, the corporate plans to increase its relationships with artists and rent extra workers (the corporate at the moment has 62) in preparation for future VR headset releases.

A CJ ENM spokesperson mentioned in an announcement, “The VR leisure business is rising quickly, and we consider that music and gaming are two of essentially the most promising sectors for future growth. CJ ENM plans to transform live shows and music TV exhibits to VR music experiences with AmazeVR’s prime expertise, and convert further authentic content material reminiscent of dramas and films sooner or later to maximise their content material worth and enterprise alternatives.”

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