AppMagics closes Series B round led by Bojiang Capital

Visual 3D mixed reality technology research and development company AppMagics has completed the Series B financing round at the end of 2019. This round of financing was led by Bojiang Capital, plus the previously disclosed Pre-B round by Peakview Capital, the total sum of Series B round exceeded 100 million yuan.

Visual 3D mixed reality technology research and development company AppMagics has completed the Series B financing round at the end of 2019. This round of financing was led by Bojiang Capital, plus the previously disclosed Pre-B round by Peakview Capital, the total sum of Series B round exceeded 100 million yuan.

Founded in 2014, AppMagics has completed four rounds of financing so far. The previous investors include Huagai Capital, PurpleSky Capital, Geekfounders, Linekong, Fenghou Capital and more.

According to Fu Yingna, the founder of AppMagics, proceeds from the fresh round will mainly be used to accelerate the application of artificial intelligence technology in cultural and creative, pan-entertainment and marketing related fields, expand markets and improve team optimization, to further promote the company’s technology-driven fission expansion.

AppMagics focuses on applying artificial intelligence technology to the field of computer vision 3D mixed reality. The company innovates around the field of content technology / entertainment technology, and is the first to apply artificial intelligence algorithms to the field of 3D / CG digital media content and creative marketing. Its core algorithms can control, combine and drive the digital content constructed by CG in real time, allowing that the expression of information and communication is seamlessly integrated into virtual or real scenarios.

The existing product line covers related fields such as short video / live broadcast, mobile phone and OTT smart device manufacturers, brand / 4A, traffic flow media, animation IP / KOL and more.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/08/appmagics-closes-series-b-round-led-by-bojiang-capital/.

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