Real estate developer Dahua’s Huaqiang Capital unit has injected hundreds of millions of yuan into the AR/VR technology provider.
China-based mixed reality technology developer Nibiru has raised a nine-digit yuan (RMB100m = $15.4m) amount of series C1 funding from property developer Dahua Group’s investment vehicle, Huaqiang Capital, 36Kr has reported.
Also known as Nanjing RuiYue Technology, Nibiru was founded in 2013 and has developed artificial intelligence-equipped interactive audio and video tools leveraging augmented and virtual reality (AR/VR) and 3D imaging technology.
The company’s products are used for education, healthcare, retail and industrial purposes. Co-founder Liu Fengrui said the cash…
