Focused on VR viewing solutions, Siwei Technology won 26 million yuan A+ round of financing

VR Network has learned that a third-party technology provider, which recently offered services to real estate developers, has successfully closed an A+ round of financing worth 26 million yuan. The funds will primarily be allocated to the expansion and development of sales channels. This round was led by Tongchuang Waiye, with Huiyou Capital also participating in the investment. In October 2016, Siwei Technology had previously raised 25 million yuan in a funding round led by Venture Capital Ventures, with Chipbon Technology joining as a co-investor. Founded in August 2011, Siwei Technology focuses on 3D production technology, offering integrated solutions that combine display, distribution, and data tracking capabilities. The company currently employs around 120 people, with its research and development centers located in Shenzhen and Zhuhai. Siwei Technology provides real estate companies with a full-platform 3D interactive display solution that includes 3D mobile field applications, VR virtual reality, AR augmented reality, and customized micro-building books. By leveraging the WeChat platform, which is known for its strong social connections, the company can accurately deliver information such as 3D models of sand tables, locations, model rooms, and surrounding gardens directly to consumers. The fidelity and visual quality of the model renderings have reached industry-leading standards. According to available data, Siwei Technology has served over 150 developers, including top-tier real estate companies like Country Garden, Vanke, and China Shipping. Within the top 50 developers, the company's penetration rate exceeds 80%, and the repurchase rate among clients who have already worked with them is over 90%. This impressive performance highlights the company’s strong market position and customer satisfaction.

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