Japanese VR specialist MyDearest Inc. is currently in the process of developing its fourth title, Brazen Blaze. The studio recently announced that to help expand its current drop of IPs – which includes its Chronos series – it has secured new funding. Thanks to a recent investment round led by led by SBI Investment Co., MyDearest Inc. has managed to raise $7.8 million USD (1.2 billion yen).
Joining SBI Investment Co. in the raise were DG Daiwa Ventures Inc., NetEase Games, Wing Capital Partners, Ltd., OLM Ventures Inc., Samurai Incubate Inc., Dentsu Group and Mitsubishi UFJ Capital. This brings the company’s total funding to $16.1 million, to date.
Alongside Brazen Blaze – which is due out in 2024 – MyDearest Inc. created Tokyo Chronos (2019), Altdeus: Beyond Chronos (2020), and Dyschronia: Chronos Alternate (2022). It’ll be these IPs that the studio aims to expand as well as invest in new, original projects.
Investing in VR’s future
“Until now, MyDearest has been a frontrunner in VR games representing Japan, but with this round of funding, it will become a frontrunner in VR games “representing the world,” said Kento Kishigami, MyDearest CEO in a statement. The technology of VR holds the potential to create entertainment experiences that will become the common language in a new world.”
Having made a name for itself in VR, MyDearest Inc. is expanding into flatscreen gaming. It’s bringing Dyschronia: Chronos Alternate to Nintendo Switch later this month. Plus it plans on releasing DYSCHRONIA: Chronos Alternate – Dual Edition on Steam in 2024.
While its Chronos series of games all follow a similar adventure pattern, Brazen Blaze is very different. This is a 3vs3 brawler, where teams unleash carnage on one another. They can do this by utilising both the environment and their character’s special abilities. Having recently held a closed Alpha, the studio will be hosting an open beta for the multiplayer soon.
With the new funding in place we can’t wait to see what MyDearest Inc. does with that $7.8m.