Ahead of the weekend, WakingApp — a provider of tools for quick and easy creation of augmented and virtual reality content — announced the raising of $4.3 Million in Series C funding.
The funds in question were raied from Youzu Interactive as well as one of largest Internet and search companies in China.
“Funds from the round will be used toward expanding the company’s AR/VR platform offerings, ENTiTi Creator and ENTiTi Viewer, and expanding its sales, marketing and business development in the United States and China,” the announcement shared with VRJournal reads.
These two Chinese firms join existing investors Inimiti VC and Globis Capital in the round.
“For some time now, we have been seeking to invest in AR/VR technology, as it is on the verge of influencing every aspect of our lives. It is an industry that is projecting 13,000% growth in three years and revenues of $150 billion in five years,” said Daniel Chen Fan, Investment Director of Youzu Interactive. “What impresses us about WakingApp is its ability to overcome a great user barrier by simplifying the way one creates AR/VR content, and we plan to bring this revolution to the Chinese market.”