VR company that creates avatars, led by China Capital to complete $7.7 million in financing

Oben is a California-based startup whose core technology research is to apply artificial intelligence to the VR environment, allowing users to create a more realistic 3D image. Recently, Oben completed the A round of financing, led by China's Dunan CrestValue Capital, a total of 7.7 million US dollars.

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Involved in the current round of investment by Oben, the video production service platform Mahinima's venture capital fund Third Wave Digital, SM Entertainment Group subsidiary Dream Maker Entertainment, and the industry's well-known technology business incubator Idealab. Oben will use this latest investment to increase product development, expand the team of researchers, and seek new partners.

Oben is currently working on a virtual “self” image in the VR environment and is expected to officially launch its products in the first quarter of 2017.

Today, Oben also explained in more detail the project it is working on in a statement. It is not easy to render a character image in the VR environment, and it has high requirements for hardware and software. Oben's core technology is to solve this problem. They realized that through a person's image and sound, they can directly create a virtual copy of the character. This avatar can be placed in the environment of VR and AR. In order to make the experience more real.

With Oben's technology, users don't need any professional image rendering and programming knowledge, and they can create and render 3D avatars through their smartphones. Oben's CEO and co-founder Nikhil Jain believes that "With the development of VR technology, VR should not be just a closed simulation environment, but should be a platform for everyone to create content and interaction. Oben produces 3D character avatars. The technology is to break the current technical and equipment barriers in VR, so that everyone can make and interact."

In July of this year, Oben was also selected for the htc vive X accelerator program, which stood out from 1,200 applicants and received funding from HTC.

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