Pimax Tech Completes C1+ Round Financing

On January 8th, Pimax Technology announced in an article yesterday that it has recently completed a C1+ round of financing of hundreds of millions of yuan. This round of financing is led by relevant industrial capital and followed by Ivy Capital, an old shareholder. The official said that this is also one of the largest financings in the domestic VR headset field this year.
Weng Zhibin, the founder of Pimax Technology, said: “At present, the global XR industry is deeply integrated into various application scenarios, and market demand is becoming increasingly rigid. In this context, Pimax Technology will continue to deeply cultivate the high-end VR hardware track.” In addition, he also revealed that the company’s business currently covers fields such as gaming and entertainment, professional design, large-space cultural tourism, education and training, and VR real estate.


This round of financing will provide financial support for the company’s development. At the same time, the company will continue to increase investment in the research and development of the next generation of XR technology.


Learned from the official of Pimax Technology that the company was established in 2015 and has achieved nearly double-digit revenue growth for three consecutive years. It is a technological innovation enterprise focusing on the research and development and manufacturing of high-end VR headsets. Currently, overseas users account for 80%.


According to previous reports, Pimax Technology launched three new products, Pimax Crystal Light, Pimax Crystal Super, and Pimax Dream Air in 2024. Among them, the Dream Air VR headset started pre-sale in December last year. It is equipped with an automatically adjustable headband and has eye tracking + single-eye 4K Micro OLED screen. The price is 14,600 yuan (total price 14,645 yuan).


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