VR technology provider for expos and events, HIKKY Co., Ltd., has raised a 6.5 billion yen ($57 million) initial Series A funding round. The company plans to raise additional funding over the course of this round.
The fresh infusion of funds will enable the expansion of HIKKY’s virtual reality services in domestic and global markets. The company’s primary services include the Vket series of VR events, the browser-based VR engine called Vket Cloud that runs on smartphones and computers, and open metaverse development with Vket Cloud.
“Here at HIKKY, we will accelerate our metaverse business with the help of communication infrastructure and global networks of NTT DOCOMO, INC., and NTT Group,” stated Yasushi Funakoshi, HIKKY’s CEO. “We will continue to provide NTT DOCOMO with XR services, technologies, and content as per our strengths. We are extremely grateful to all the creators who have supported us and to the visitors and companies who have taken part in Vket events.”
HIKKY’s proprietary VR engine, Vket Cloud, enables the creation of metaverse content accessible through URLs without the need for dedicated hardware or applications. It also supports a multiplayer mode to engage and communicate simultaneously through voice or text chat.
Vket is the world’s most extensive VR event series that brings together a multitude of artists, international corporate sponsors, and over a million users. It has been a key player in the VR event space and has received several awards, including the VR Awards’ Marketing Grand Prize in 2020, Japan’s XR Creative Awards’ Overall Grand Prize in 2020, and two Guinness World Records in 2021.
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