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Virtual Reality startup HIKKY raises $57 million in Series A funding

Investment will go towards developing the open metaverse and international business expansion

HIKKY and NTT DOCOMO strive to change the world together by providing VR experiences that connect the real and virtual.

Virtual reality startup and VR event organisers HIKKY has raised 6.5 billion yen ($57 million) in an initial stage Series A funding round. The company is considering an additional funding stage this round and plans to maintain autonomy following this funding.

The capital raised will help expand HIKKY’s virtual reality services both domestically and abroad, as well as to strengthen its organisational foundation. These services include the Vket series of VR events, the browser-based VR engine called Vket Cloud that runs on smartphones and computers and developing and operating an open metaverse using Vket Cloud.

“We will accelerate our metaverse business with the help of communication infrastructure, research institutes, and global networks of NTT DOCOMO, INC. and NTT Group,” said Yasushi Funakoshi, HIKKY’s CEO. “We will continue to provide NTT DOCOMO with XR services, technologies, and content production as per our strengths. We are extremely grateful to all the creators who have supported us, as well as the visitors and companies who have taken part in Vket events.”

Written By

Steve is an award-winning editor and copywriter with more than 20 years’ experience specialising in consumer technology and video games. With a career spanning from the first PlayStation to the latest in VR, he's proud to be a lifelong gamer.

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