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AmazeVR Announces New Partnership with LG and Secures Funding from Strategic Investors to Drive Future of VR

May 24, 2019 / Authority

AmazeVR, a premium, cloud-based platform for high-quality VR content creation and mass distribution, announced that it has raised an additional $7 million in funding to accelerate the development of proprietary VR content, created and distributed through the Amaze platform and its partners. The round was led by Mirae Asset Group (Mirae Asset Naver New Growth Fund & Mirae Asset Venture Investment), the leading independent financial services group in Asia, with participation from several strategic investors, including technology leader LG Technology Ventures, Timewise Investment, and Smilegate Investment, a subsidiary of Smilegate, which is building out a VR gaming / location-based entertainment business. Additionally, AmazeVR announced a partnership with LG U+ to co-produce “must see content” in VR. LG U+ will also host AmazeVR content on its service as well as leverage AmazeVR’s proprietary content generation tools to make its own VR content production easier, as LG U+ works to release...