HP sets up VR Fund for Technology Ventures and Investment Company
One of the world’s oldest technology companies is “roaring†in the virtual reality market. The old company name is called HP. He is also an investor in The Venture Reality Fund.
The Venture Reality Fund
Baidu VR learned that Hewlett-Packard has just set up a new technology venture organization (HP Tech Ventures), investing in emerging areas including virtual reality (VR), augmented reality (AR), mixed reality (MR), and this time joined The Venture. Reality Fund's investment is also the first step for HP to enter the VR market.
Currently, The VR Fund has invested in a number of infrastructure, platforms, tools, content, and start-up companies in MR's ecological applications. The company and HP have always cooperated. In the early days, The VR Fund gave HP leadership in VR/AR.MR. Commercial applications in technology and target markets, including retail, health care, manufacturing, education, and offices, and this collaboration will also help expand the HP product portfolio and other businesses.
HP Ventures The Venture Reality Fund
Marco DeMiroz, co-founder and senior partner of The VR Fund stated in the statement: "HP is a company that provides innovative technologies. We are confident that mixed reality will change the potential of the consumer and commercial markets, and we are also very pleased to have HP. Investment support from technology venture investment companies. Both teams will work closely together to introduce new applications for enterprise innovation and productivity, and to improve customer experience and product development."
In addition, Goldman Sachs estimates that the VR/AR market will reach 80 billion U.S. dollars by 2025. The VR Fund, as a partner of HP, will develop next-generation MR applications, content distribution platforms, head-mounted displays, and mobile solutions. Services and gaming platforms, etc., Andrew Bolwell, global director of HP, also stated in a statement: “VR/AR is one of the most varied fields in the current era. The VR Fund is in this ecosystem. As one of the most important players, we are very fortunate and happy to be an investor and look forward to working with The VR Fund to bring a different immersive experience to the market.â€
[Baidu VR original manuscript, reproduced please indicate the source]
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