Social VR Startup HIKKY Raises $57M Funding Led by NTT Docomo

Japanese social VR startup HIKKY introduced in the present day that it has raised ¥6.5 billion (~$57 million), led by Japanese cell community operator NTT Docomo. The startup says it’ll use the funds to develop its web-based metaverse platform.

Based in 2018, Japan-based Hikky is finest identified for its sequence of ‘Vket’ occasions, digital marketplaces the place exhibitors market and promote actual and digital items to attendees.

The corporate says that its digital occasions have drawn greater than one million guests and have attracted main manufacturers as exhibitors like HP, Tencent, Disney, Bandai Namco, Audi, and extra, algonside impartial creators promoting digital items.

Following its newest Vket 6 occasion this Summer time, the corporate in the present day introduced it has raised a ¥6.5 billion (~$57 million) Collection A funding spherical, led by Japanese cell community operator NTT Docomo (different members weren’t revealed). Hikky says the quantity is the “preliminary stage” of the Collection A funding spherical, and that it’s open to further funding.

The corporate says the capital might be used to strengthen its basis, develop merchandise each domestically and overseas, and proceed to develop its web-based metaverse platform, Vket Cloud.

Whereas the corporate’s Vket occasions have largely been hosted in social VR platform VRChat, Hikky is betting long run by itself Vket Cloud platform, which it says is designed as an open metaverse platform the place customers can host digital areas on their very own domains that are accessible by way of any net browser, be it in or out of VR.

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