China’s Internet Giant Baidu Participates in $27 Million Funding of AR/VR Startup 8i
, February 20, 2017 12:19 pm
(CNBC) Chinese internet giant Baidu’s venture unit announced last week that it had participated in a $27 million Series B funding of 8i, which develops holographic technology for VR and AR. Its technology transforms high-definition videos of people, shot from multiple cameras and angles, into photo-realistic 3D holograms.
Baidu established its venture capital fund, Baidu Ventures, last September to invest in early-stage companies working on AI, AR and VR. AI is the other big area of focus for Baidu Ventures — and its $200 million first fund.