In brief: China VR entertainment firm secures series A funding from Intel Capital

Sky Limit Entertainment, an entertainment technology company committed to creating immersive entertainment and cultural experiences in China, announced the close of a series A funding round from Intel Capital.

Source: Press release

Sky Limit Entertainmenet will use the undisclosed amount to develop and promote virtual, augmented, and mixed reality content solutions, which can be applied to things like “large-space multiplayer free-roaming interactive games.” It also plans to create more location-based virtual reality content.

Established in 2015, the Beijing-based company has “over 70 patents to develop technology-driven entertainment.” Its list of existing investors include Lenovo Capital and Incubator Group, Shenzhen Weiyue Creative Investment Group, and Mango Cultural and Creative Industry Private Equity Fund.