Fove Raises $11 Million in Series A Funding
Fove, Inc. (Fove), an eye-tracking virtual reality headset company, today announced that it has raised US$11 million in a Series A funding led by Colopl VR Fund with the participation of Hon Hai venture capital fund, 2020, and Samsung Venture Investment.
The Fove head-mounted display (HMD), which features eye-tracking technology, orientation sensing, and head position tracking, enables users to experience high precision control and a more immersive and natural interaction with the virtual characters.
The additional funding will enhance Fove’s collaboration with investment companies and support its goal of accelerating mass production of the device in the Fall of 2016.
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It will also strengthen the company’s mid- to long-term R&D capabilities and reinforce business support in VR content creation featuring eye-tracking technology.
“Taking the VR experience one step further, we are thrilled to have the support of Colopl, Hon Hai and Samsung. This will help us achieve our goal of creating a more pleasing VR experience that will have a lasting impact on the growing number of users interested in eye-tracking technology.” says Yuka Kojima, Fove, Inc.’s CEO and co-founder.