HTC Allocates $10 Billion for VR and AR Investments

Published by , July 4, 2016 1:01 am

(ChinaTopix) HTC has allocated $10 billion to be invested in VR and augmented reality projects for the Virtual Reality Venture Capital Alliance (VRVCA). The fund is comprised of many popular Venture Capital (VC) that includes early Apple and Google backer Sequoia Capital, Matrix Partners, and 500 start-ups.
The investment will include a number of VR-centric VC houses in addition to more staple firms like Sequoia Capital and Redpoint Ventures. Overall, there will be 27 firms joining HTC Vive in the VRVCA. Alvin Wang Graylin, China Regional president of VR at HTC, will lead the “Alliance.”

Tags: , , ,