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Insta360 Raises $30M in Funding, May Go Public in 2020 –TechCrunch

Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors […] It plans to use the fresh proceeds in research and development, marketing and after-sales services in its key international markets, including the United States and Japan, which are the company’s second and third-largest markets behind China. […] In stark contrast to loss-making GoPro, which Insta360 rivals in the action camera vertical, the Chinese firm has been profitable since 2017 and is planning to file for an initial public offering in China next year […]