Rapidly developing virtual reality (VR) and augmented reality (AR) start-ups can always get a steady flow of money. Recently, Tiledmedia successfully raised 2 million euros (about 15.6 million yuan) with its high-definition VR streaming technology.
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Last year, Tiledmedia collaborated with Sky and Ericsson to use VR technology for live sports events, and it was this technology that won the favor of investors. This technology uses wireless VR heads-up display (HMD) to allow users to experience the speed of driving and powerful handling of F3 racers as they approach other vehicles and overtake.
According to reports, Tiledmedia has six investors in this round of financing, led by Ziggo and former chief technology officer of AVG Technologies and chief information officer Paul Hendriks. Tiledmedia's new round of financing will be used to recruit more senior industry experts, develop existing technologies, expand existing experiences, and further expand the marketing market.
With Tiledmedia's coding technology, the VR video transmission bandwidth requirement will be reduced by 80%. This will undoubtedly be the most attractive point. It will not only improve the Internet's video transmission speed, but also make it possible for the slower WiFi routers to complete easily. HD video transmission.
Tilesmedia CEO Frits Klok firmly believes in the potential of VR video. He believes that streaming is the future. "Only VR video streaming is possible, it is only commercially interesting. If YouTube can wait until the download is complete to watch it, then it will not succeed at all. Currently, the streaming of HD VR video requires a lot of bandwidth, our products. This problem can be solved. Major global companies such as Akamai, Ericsson and Harmonic acknowledge our technology."
Han Derek firmly believes that Tiledmedia is of great importance to the VR industry. He hopes that Tiledmedia's scale can be further expanded. "Tiledmedia's technology is critical to the success of the VR market. It can provide higher quality, lower cost, and more widely used technologies. (Investors) on Tiledmedia's technology, enthusiastic leadership team and many technical staff, The company's valuable business experience and international network are full of confidence. With the new round of funding, Tiledmedia will continue to innovate and develop in the VR market."
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