Cocos Technology is announcing that it has completed $50 million USD Series B financing.
Cocos Creator is an efficient and easy-to-use cross-platform interactive digital content development engine built by Cocos. It is not only a powerful game development tool but also an open-source engine that can meet the creative needs of many developers and engineers.
The investors include CCB Trust, GGV Capital, Agora, and others. With this round of funding, Cocos will continue to improve the core technology of the engine with the help of capital and promote the further integration of the engine within various industries such as games, automobiles, education, XR, home design, architectural engineering design, and other future endeavors.
Cocos is committed to providing developers with more convenient creation tools, reliable technical solutions, and diversified products and services for cross-industry customers.
Founded in 2010, Cocos is the world’s leading digital interactive content development platform. The Cocos engine is a popular open-source engine in the world.
The Cocos engine covers all market categories and is widely used and recognized worldwide. China’s mobile game market share accounts for 40%, and the global mobile game market share accounts for 30%. Tencent, NetEase, Nintendo, Ubisoft, and other major game developers have used the Cocos engine to develop and launch their game products.
In online education, Cocos launched the Cocos ICE courseware editor for education companies. This is an interactive courseware editor that can be used quickly without coding. It has strong compatibility and can be customized. Cocos currently occupies more than 90% of the Chinese market in this new online education sector.
At the end of 2021, Baidu released the metaverse product “Xi Rang” to accelerate the layout of the metaverse. Cocos has recently become a partner of Baidu, providing a technical platform base for the metaverse world. The two parties will jointly build a metaverse world.
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