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HTC Goes All Out To Grow Their VR Business

HTC appears to be going all out to grow their virtual reality business.

In Australia the Company is currently talking to PC Gaming manufacturers who have the big grunt boxes that can deliver an “exceptional” experience when using the Companies new VR Vive headset.

Critically-acclaimed the HTC Vive headset is seen as the best product out there according to several of the world’s leading VR and gaming reviewers

Now the Company is leading a consortium of VR venture capitalists investing $10 billion in VR technology.

The group features 500 start-ups as well as a host of VC investors who backed Apple and Google in their early days.

All in all, the fund brings together 28 firms who’ll be investing their capital in the burgeoning VR industry.

“This is the first time such renowned VCs are joining hands at this scale to drive the future of a new industry, rather than competing to find the best deals for themselves,” said HTC’s China boss Alvin Graylin.

The push comes amid a swell of support for HTC’s Vive headset, widely thought to offer the most comprehensive and advanced VR experience to date.

However, with Facebook-owned and well-backed Oculus, as well as the might of Sony’s developer community support PlayStation VR, HTC faces a fight to sustain its good start.

At least HTC’s efforts are likely to benefit the entire VR community, given its commitment to cross-platform access to new experiences.

Oculus, on the other hand, has preferred exclusives although it has recently softened its stance on software that aims to bring Vive experiences to competing platforms like the Rift.

In other HTC news the Companies former CEO Peter Chou has finally quit a victim of the collapse of HTC’s premium smartphone business.

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