Sliver.tv raises $9.8 million for esports in VR

Esports VR broadcasting company SLIVER.tv announced it completed series A round equity funding with $9.8 million raised. To date, the company has received $17.5 million. Danhua Capital, Heuristic Capital Partners, and ZP Capital led the round while addition funding came from DCM, Sierra Ventures, The VR Fund, Samsung Next Fund and Sony Innovation Fund. SLIVER.tv CEO and co-founder Mitch Liu said in a press release that the money would be used to accelerate R&D investments in machine vision, artificial intelligence, and virtual reality.

Danhua Capital managing director Dovey Wan said, “We are very excited to partner with SLIVER.tv. Mitch and his team are fundamentally transforming the live spectator experience for global esports fans with their patented video streaming technology. Together with a new interactive engagement model, 360 esports content, and a novel incentive model for streamers, tournament organizers, and esports fans, we firmly believe they are ready to disrupt the industry with their next-gen multimedia entertainment platform.”