Royole raises $80 million, reaches a valuation of around $3 billion
Flexible OLED technology and VR headset developer Royole announced that it received a $80 million series Pre-D funding from the Warmsun Holding Group. Royole raised around $280 million since its inception in 2012 - and the current valuation is set at around $3 billion!
So what does Royole do to justify such a lofty valuation? A couple of months ago Royole launched its first product, the Royole Moon foldable VR headset - that uses OLED microdisplays to achieve a PPI of over 3,000. The $799 Moon also includes noise-cancelling headphones and runs on the company's own Moon OS.