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XRSPACE Secures $25M Funding Round Led by Foxconn to Develop 3D Live Experiences in the Metaverse

XRSPACE has raised $25 million in a funding round led by Foxconn Technology Group, with Taiwan’s National Development Fund investing $10 million.

The company plans to use the funds for research and development in the next generation of 3D live and social experiences in the metaverse, including features such as live facial and motion tracking of user-driven avatars, 5G-powered real-time interaction, 3D live streaming, and AI-powered social engagement.

XRSPACE, founded by Peter Chou in 2017, offers a socialized metaverse experience through its XRSPACE MANOVA headset and complementary apps PartyOn and GOXR, and has become one of the leading metaverse platforms in the world.

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