NeoRealX Inc. (Headquarters: Minato-ku, Tokyo; CEO: Masayasu Ando) announced that it has raised a total of 540 million yen through a third-party allotment of shares and the issuance of stock acquisition rights to three companies: Nippon Television Network Corporation (Headquarters: Minato-ku, Tokyo; CEO: Yoshikuni Sugiyama), Yoshida Masaki Office Inc. (Headquarters: Minato-ku, Tokyo; CEO: Tetsushi Nosaka), and one other domestic company.

Simultaneously, the capital relationship between NeoRealX and AlphaCode Inc. has been dissolved following the transfer of shares held by AlphaCode to Nippon TV.

NeoRealX will now operate as part of the Nippon TV Group, strengthening ties with new shareholders to further drive business growth.

Background on Funding and Capital Restructuring

NeoRealX has provided content and solutions centered on 'experiences' by combining XR (VR/AR/MR) technology with video production expertise. The company leverages its strength in designing real-digital hybrid experiences across entertainment, tourism, regional revitalization, disaster prevention, education, and medical fields, steadily expanding from proof-of-concept to real-world deployment.

Recently, the company has been advancing multiple concurrent projects, including tourism and regional revitalization with local governments, VR content development for disaster prevention, and XR solutions for enterprises. A key feature is the increase in 'implemented' projects beyond mere proof-of-concepts, supported by long-term business models with municipalities and corporations.

To ensure further growth and faster decision-making, NeoRealX conducted this funding and capital restructuring, aiming to strengthen partnerships with new stakeholders.

The company will transition beyond being a traditional VR/XR content studio to become an 'XR Creative Tech Company' with 'XRtainment' (XR x Entertainment) as its core business domain, focusing on regional revitalization, B2B, and entertainment.

Collaboration Details

- Nippon Television Network Corporation Nippon TV Group possesses extensive content production and media deployment power. By combining this with NeoRealX's experiential design capabilities, they aim to drive new value creation in entertainment and social implementation.

- Yoshida Masaki Office Inc. Known for its extensive track record and network in entertainment and regional revitalization, Yoshida Masaki Office will collaborate with NeoRealX, particularly in municipality-led initiatives and next-generation entertainment.

Future Outlook

With this funding, NeoRealX will accelerate business in: - Development of immersive experiences in entertainment - Expansion of experiential content in tourism and regional revitalization - Deployment of B2B XR solutions (visualization, training) - Advancing simulations and training in disaster prevention, medical, and education fields

NeoRealX continues to aim for the expansion of socially implemented XR business, centered on the value of 'moving hearts through experiences and changing behaviors.'

FACT BOX

  • Source: PR TIMES
  • Category: Funding