Dachen Venture Capital Projector Technology Completes Nearly 100 Million Yuan Series A Financing

[Baidu VR article, reproduced please indicate the source] Recently, the domestic AR company's video technology announced the completion of A series of financing of nearly 100 million yuan, led by the morning venture capital. Founded in August 2014, the company is focused on the development of augmented reality smart glasses and glasses operating systems, interactive methods, and content. Its team members are technicians and designers engaged in optical, intelligent hardware, system software and image development at home and abroad. Many of them graduated from doctoral and postdoctoral degrees at Harvard, UCLA, Peking University, Tongji, and other universities and have strong technical strength. In terms of products, in July 2016, AVIC Technology launched four new products in a row: the Air Creative Air Binocular AR Glasses, the AirNano Monocular Smart Glasses, the AirVR, and the Halo Hologram Helmet. Later in August, at the launching ceremony of the Microsoft Accelerator Group of eight startups, Creative Technologies announced the new Halo mini. As for the positioning of products, Sun Li, founder and CEO of AVIC, always believes that before the market matures, a reasonable choice is to do B-side clients first. Under such thinking, the company has achieved a lot of achievements. At the end of 2014, the company won the first five million yuan angel round of investment. At the end of 2015, it obtained 10 million pre-A rounds of financing, with Langmax leading. It is learnt that both the financing and the summit of Longmax have followed the investment. In addition, this financing is mainly for the preparation of future volume production, to further expand production capacity.