Foreign media reported that Eniac Ventures announced that the company has just completed a new round of 100 million U.S. dollar financing, which is the fourth round of financing the company has received since its establishment in 2009. The company expects to use the funds to invest in augmented reality, virtual reality, robotics, and other technologies.
"Virtual reality is the only way to a mixed reality," said Vic Singh, a partner at Eniac. “At present, this technology is still in the early stages of development. We will continue to pay attention. We are currently focusing on the application field at the tool level.â€
The 100 million U.S. dollar financing obtained this time is the biggest financing that Eniac obtained, about two years ago, this company has obtained 55 million dollar financing.
In a previous study by CB Insights, it was found that companies supported by Eniac were able to complete the seed round and round A financing faster than those supported by other venture capital institutions. Eniac partner Nihal Mehta said that they would help the start-up team. Faster progress, "We will do what they want us to do."
With this investment, Eniac will quickly advance its Eniac Platform platform. They plan to assist start-up teams in policies, recruitment, operations, and other business development services. Some of these services are available in Series A financing, but Eniac wants to pass on the idea that they are more skilled than other typical seed round venture institutions.
Eniac Ventures focuses on seed financing for start-ups. The company has a history of more than 80 years. Providing financial support for startups is only the first step. It will also be used later to help these companies through the Eniac platform.
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