Easpeed is an interactive holographic imaging technology company based in Hefei National High-tech Industry Development Zone. [Photo/WeChat ID: hefeigaoxinfabu]

Easpeed, an interactive holographic imaging technology company, recently accumulated 100 million yuan ($15.7 million) from pre-B fundraising.

The fifth round of fundraising was led by Dingyuan Capital. The money raised will be used for product development, sales channel establishment and market expansion.

Established in August, 2016, Easpeed is a national high-tech company located in Hefei National High-tech Industry Development Zone. The interactive holographic imaging technology independently developed by Easpeed represents a disruptive and revolutionary technology in the display industry.

The technology can be widely used in fields such as medical displays, smart cars, information security and public utilities. Since the COVID-19 outbreak in Hefei, many products of Easpeed like contactless self-service medical machines and contactless elevator control panels have been put into use to avoid the spread of infection amid the global pandemic.

Han Dongcheng, founder of Dongchao Technology, said: "At present, the domestic display industry is facing a good opportunity for optimizing, upgrading and reshaping the industrial chain structure, and touch display products have entered a new era of development. Easpeed has been deeply involved in the field of interactive holographic imaging technology for many years. After this recent financing, Easpeed will focus on the development trend of innovative technologies in the display field, continue to explore the new technology's application scenarios, and help activate the development of the touch display industry."