Pico Interactive, a developer of innovative VR solutions with operations in the United States, Europe, China, and Japan, has just announced the completion of a 37.4 million B+ funding round and confirmed that it’s working on a successor to the Neo 2 virtual reality headset.
The list of companies that participated in the funding round includes Co-Stone Asset Management Co, Shenzhen Yidun Media Investment Fund, Jianyin International Capital Management (Tianjin) Co, and CCBI Tech Venture (Suzhou) Combined Debt & Equity Private Equity Fund.
According to the company’s chief executive officer, Zhou Hongwei, the funding will help Pico Interactive not only strengthen the accumulation of key technologies but also introduce high-quality VR games and applications for all users of Pico headsets in Asian markets to enjoy.
“Pico is looking to provide its users with the best VR experience possible through excellent hardware, a great content ecosystem, and numerous strategic partners,” said Zhou Hongwei. “We’re continuously looking for ways to better support our partners, and this latest financing will help give us the tools we need to make these visions a reality.”
Unfortunately, no details were shared about the upcoming Neo 3 headset, which is set to release later this year. We can only speculate that it will offer better specifications than the Neo 2 and Neo 2 Eye headsets, which are powered by a Qualcomm Snapdragon 845 processor, have a 4K resolution display with a refresh rate of 75 Hz, two front-facing cameras, 128GB of storage, and provide six degrees of freedom tracking (6DoF).
In addition to the Neo 2 and Neo 2 Eye headsets Pico Interactive also offers the G2 4KS and G2 4K headsets, which are aimed chiefly at enterprise customers, providing a cost-effective 3DoF solution featuring a 4K LCD display with 3840 x 2160 screen resolution and a refresh rate of 75Hz.