Thunder leads the Insta360 panoramic VR camera The amount and equity ratio were not disclosed

The financing amount reached hundreds of millions of yuan, with Xunlei Technology leading the investment, followed by Fengrui Capital and Qiming Venture Capital. As the leading investor, Xunlei has not disclosed the specific investment amount and share ratio.

On the 13th, it was reported that after US$30 million led the investment in domestic virtual reality company Dapeng VR, Xunlei Technology, which is active in the VR field, once again led the investment in panoramic VR camera company Insta360 (Shenzhen Lanfeng Chuangshi Network Technology Co., Ltd.).

According to data from Insta360 official website, the financing amount reached hundreds of millions of yuan, with Xunlei Technology leading the investment, followed by Fengrui Capital and Qiming Venture Capital. As the leading investor, Xunlei has not disclosed the specific investment amount and share ratio.

According to the transaction documents, in addition to capital-level cooperation, Xunlei and Insta360 will also carry out in-depth cooperation in the fields of technology, products, and users, especially video content development and cloud computing. It is understood that the exclusive Insta360 VR content channel has been launched on Xunlei Video, and this is only the beginning of cooperation between the two parties.

Public information shows that Insta360 was established in 2014 and is mainly engaged in the research and development of panoramic imaging technology, with the 360° panoramic camera Insta360 as its core product. Insta360 4K beat, the first mass-produced enterprise-level panoramic camera, has been used in many scenarios such as real estate, news reports, weddings, and concerts, and has successively established cooperative relationships with Greenland Group, Youku and other companies.

This is another deployment that Xunlei has made in the virtual reality industry through scripts. In December last year, Xunlei led the investment in Dapeng VR for US$30 million. The company's main areas are the development of virtual reality head-mounted display products and the construction of virtual reality content platforms.

Zou Shenglong, CEO of Xunlei, proposed that in the VR field, Xunlei will implement the "Pig Feed Alliance Strategy", which is to provide food and grass for those pigs who can catch up with the VR "wind outlet, that is, traffic, users and Xunlei's innovative technical services, thereby improving its own ecological layout in this field.

Editor: yvonne