Sony Is Investing Heavily In MonoAI XR Cloud Technology Ahead Of PSVR 2 Launch

Sony Interactive Entertainment is reportedly investing heavily in the XR Cloud platform holder monoAI Technology, having raised 750 million yen from the Sony Innovation Fund. With PSVR 2 on the horizon, this is probably a smart move on Sony’s part.

Speaking in wake of the news, Moto Tsuchikawa, Chief Investment Manager for Sony Innovation Fund, commented:

“monoAI technology is a startup that continues to grow steadily by providing value in the areas of Metaverse and XR. We would like to consider business collaboration with the Sony Group and support the company’s challenges.”

Sony isn’t the only main client on the books, with the likes of SEGA, Koei Tecmo Games, Cygames, and NTT Communications Corporation also involved.

Here’s more info on monoAI from a translation blurb on its official website:

monoAI focused on the possibility of virtual space from early on and developed the virtual space platform “XR CLOUD” using its own technology. In recent years, the potential of the Metaverse has received a lot of attention, and Bloomberg estimates that the market will expand to $ 783.3 billion in 2024.

monoAI has raised funds for the purpose of further research and development and business strengthening in order to lead the market by strengthening “XR CLOUD”, which we develop in the expanding metaverse area.

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monoAI already has a fair bit of experience in gaming, having outsourced Japanese mobile and console projects to the 3DS. The studio also has a number of games in the pipeline for mobile devices.

[Source – Exputer]

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