Chinese AR Glasses Manufacturer Secures $60 Million Funding to Challenge Apple, Meta, and Google
Xreal, the manufacturer of augmented reality glasses, is seeking new funding with a valuation exceeding $1 billion, as stated by CEO Chi Xu. The objective is to stay ahead of upcoming devices from Apple Inc., Meta Platforms Inc., and Google, as per Xu. The Chinese startup will raise $60 million in the round, bringing its total to over $300 million, Chi said in an interview. That latest money comes from a key supply chain partner he declined to identify. “This will help us scale our production capacity and research and…
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