8-year-old Shanghai-based VR company GDI announced that will be listed on the NEEQ known as “Xin Sanban” in Chinese. Founded in 2007, the company now has more than 400 B2B clients including Ebay, Disney, aircraft maker Comac as well as Chinese state owned enterprises and universities. 

The company announced a 100 million yuan ($15.5 million USD) series B round this week, led by several securities dealers, professional investment institutions and listed companies. The company now has offices in Shanghai, Beijing, Chengdu, Guangzhou, Wuhan, Nanjing, Jinan and Xian.

GDI develops immersive VR system-based solutions for high-end manufacturing, national defense, and higher education sectors. Its independent R&D team developed several product lines, including G-Magic VR interactive system, the G-Bench virtual workstation, the DVS3D VR software, and the G-Motion movement capturing system. The company sells their software licenses to companies so that clients can wholly license the product for their own needs. 

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com