VR Content Team Fantastic Technology Wins Qualcomm, Storm and Venture Capital Investment

Fantasy Technology has recently signed investment agreements with Qualcomm, Stormwind and Entrepreneurship. The media immediately called Qualcomm, Storm, and Fantasy related parties. The three parties confirmed the news, but did not disclose further details.

Fantastic Technology is a company specializing in VR content, providing VR technology, software and hardware products, and VR application services. It owns a number of technical patents for VR content production and interactive editing. At the same time, the company produced "Fantasy City" using interactive technology last year. 》VR series play a wide attention, is considered to be one of the most influential VR representative in China. The company's large-scale VR parks in Ningbo, Chengdu and other places will also be put into operation this year. As an international chip giant, Qualcomm has been stepping up its efforts in VR, artificial intelligence and other areas in recent years. This time together with the domestic VR leader Stormwind Group investing in a company related to VR content has aroused deep concern in the industry and the investment community.

Some analysts believe that at this time, the signal of this investment case is quite intriguing. It can be seen that there are several layers of interpretation: First, whether it indicates that the investment sector has begun to break the ice and warm up in the VC industry for several months; Second, whether or not the majority of people have verified that “the VR company's money view is optimistic in 2017”. Third, the focus of investment in the future will be related to VR hardware and technology biased content and applications.

Statistics show that the amount of investment in VR/AR startups in 2016 reached 2.3 billion U.S. dollars, which is 3 times more than the 700 million U.S. dollars in 2015. However, the investment in the VR industry last year was mainly concentrated in the first half of the year, especially in the second half of the domestic investment cases, which is comparable to the previous peak period. In addition, it can be seen that most of the fields involved in VR investment last year focused on VR headline, advertising and marketing, applications, and technology. VR video company investment in foreign markets has become a small hot spot. In 2016, a total of US$230 million was invested in such companies, such as the US virtual reality TV company NextVR, which received an investment of 80 million U.S. dollars led by China NetEase and CITIC Guoan last year. In 2016, VR hardware startups still received $200 million in venture capital, which is more than the $100 million investment in VR/AR peripherals and VR games. According to the analysis and forecast, the investment in the VR field in 2017 will continue to grow to 5 billion US dollars.

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