Pico VR To Be Acquired By TikTok Owner ByteDance
Pico VR To Be Acquired By TikTok Proprietor ByteDance 4

Final week’s rumors have been confirmed – TikTok proprietor ByteDance is ready to accumulate standalone VR headset maker, Pico.

CNBC reported the information (which was first confirmed by Chinese language publication Nweon) noting that the monetary particulars of the deal had not been disclosed. In a press release issued to the publication, ByteDance mentioned that Pico’s “complete suite of software program and applied sciences, in addition to the expertise and deep experience of the staff, will help each our entry to the VR house and long-term funding on this rising discipline.”

Pico Acquisition Confirmed

There was not, nonetheless, any affirmation that ByteDance shall be rising Pico’s enterprise exterior of the Chinese language market. At present the corporate sells its Pico Neo three standalone VR machine as a client product with video games in China, however solely as an enterprise-focused ‘Professional’ machine in North America and Europe. There’s additionally an upgraded eye-tracking mannequin named Pico Neo three Eye bought to companies too.

All the identical, an organization the scale of ByteDance — which has seen enormous success with TikTok — investing VR may current the primary vital competitors to Fb’s Oculus Quest. Different firms like Sony, Valve and HTC all make nice VR headsets, however they’re both tethered to dearer machines like PCs and consoles, or solely bought to the enterprise market.

We haven’t examined the Neo three ourselves however its specs are very near that of the Oculus Quest 2, and the headset even has a few of the similar video games that characteristic on that machine the place it’s bought in China.

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