When was Pico founded?

Pico was founded in 2015 and raised its 1st funding round 3 years after it was founded.

Where is Pico located?

Pico is headquartered in Beijing, China.

How many employees does Pico have?

As of Mar 31, 2026, the latest employee count at Pico is 152.

Is Pico a funded company?

Pico is a funded company, having raised a total of $67.2M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 31, 2018.

When was the latest funding round of Pico?

Pico's latest funding was a $***** Series B round on Mar 02, 2021, with participation from 3 investors.

Where does Pico rank among its competitors?

Pico ranks 4th amongst 109 active competitors, of which 18 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Pimax, which secured $13.7M in Jan, 2025.

Who are the top competitors of Pico?

Pico's top competitors include Oculus, Meta and Pimax. Among them, Pimax secured the most recent funding round in January, 2025.

Pico - 2026 Company Profile, Team, Funding & Competitors

Pico is an acquired company based in Beijing (China), founded in 2015. It operates as a Provider of a standalone 5G enabled VR headset and software development services. Pico has raised $67.2M in funding from investors like GF Securities, CoStone Capital and GF Xinde Investment Management. The company has 109 active competitors, including 18 funded and 9 that have exited. Its top competitors include companies like Oculus, Meta and Pimax.

Company Details

Provider of a standalone 5G enabled VR headset and software development services. Neo is a 5G-enabled VR headset with a two-part structure. An accompanying video game type controller stores major components. The headset contains only screens and sensors to make it light. Claims to have 2K AMOLED, 90Hz refresh rate, Snapdragon 820 quad-core chipset, Android 6.0, 5000 mAh battery, movement sensors, vibration feedback, 3D audio simulation, can be connected to PC via USB port as well. Also, partners with content creators for VR experiences.

Key Metrics

Founded Year

2015

Location

Beijing, China

Stage

Acquired

Total Funding

$67.2M in 2 rounds

Latest Funding Round

Series B, Mar 02, 2021, $*****

Investors

GF Securities & 4 more

Ranked

4^th among 109 active competitors

Employee Count

152 as on Mar 31, 2026

Similar Companies

Oculus & 156 more

Exit Details

Acquired by ByteDance (Aug 26, 2021)

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Pico got acquired by ByteDance on Aug 26, 2021.

Click here to take a look at Pico's acquisition in detail

Pico has raised a total funding of $67.2M over 2 rounds. Its first funding round was on Jul 31, 2018. Its latest funding round was a Series B round on Mar 02, 2021 for $*****. 3 investors participated in its latest round. Pico has 5 institutional investors.

Here is the list of recent funding rounds of Pico:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 02, 2021	7586517	Series B	1001000	5761276	9616902	7418356
Jul 31, 2018	1906776	Series A	1115000	3882734	GF Securities & 1 more	9695726

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View details of Pico's funding rounds and investors

Pico's employee count trend

Pico has 152 employees as of Mar 26. Here is Pico's employee count trend over the years:

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Top competitors of Pico include Oculus, Meta and Pimax. Here is the list of Top 10 competitors of Pico, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oculus 2012, Menlo Park (United States), Acquired	Provider of VR-based head-mounted displays	$107M	Spark Capital, Matrix & 11 others	83/100
2nd	Meta 2004, Menlo Park (United States), Public	Developer of social media, messaging, and virtual reality technology platforms	-	Alcor Fund, Access Industries & 3 others	78/100
3rd	Pimax 2014, Shanghai (China), Series C	Manufacturer of virtual reality headsets and related accessories for consumers	$82.7M	Shanghai Ivy Capital, Shenzhen Chuangdong Investment ... & 9 others	66/100
4th	Pico 2015, Beijing (China), Acquired	Provider of a standalone 5G enabled VR headset and software development services	$67.2M	CCB International, GF Securities & 3 others	58/100
5th	Vive 2015, Taipei (Taiwan), Unfunded	Provider of a VR headset for room-scale virtual reality experience	-	-	56/100
6th	VRgineers 2017, Los Angeles (United States), Series A	High-end virtual reality headset aimed at enterprises	$6M	Taiwania Capital, N1 & 3 others	54/100
7th	PICO 2015, Mountain View (United States), Unfunded	Developer of virtual reality headsets, software, and a content store	-	-	46/100
8th	NOLO 2015, Beijing (China), Series B	Provider of motion tracking system for room scale experiences in mobile VR headsets	$45M	Lanchi Venture Capital, China Mobile & 7 others	43/100
9th	Shiftall 2018, Chuo (Japan), Acquired	Provider of space-saving wireless full-body tracking device for VR gaming, along with other related products	-	-	40/100
10th	AntVR 2014, Beijing (China), Series B	VR gaming and viewing kit	$59.1M	Sequoia Capital, Shenzhen Chuangdong Investment ... & 3 others	40/100