Xreal Air 2 in motion. Xreal’s augmented actuality glasses is appropriate with gaming consoles and may enable customers to play video games on a big digital display screen
Xreal
BEIJING — Alibaba-backed augmented actuality glasses firm Xreal stated Monday it acquired $60 million in new funding, giving the corporate a valuation of greater than $1 billion.
That valuation provides the startup unicorn standing, the primary within the AR glasses business, Xreal claimed. It didn’t share who participated within the newest funding spherical.
Augmented actuality (AR) know-how permits digital photographs to be imposed over the actual world.
Apple‘s Imaginative and prescient Professional digital actuality headset, set for launch within the U.S. on Feb. 2, additionally permits customers to see the actual world utilizing what the corporate calls “spatial computing” know-how.
Xreal’s newest AR glasses mannequin, the Air 2 Extremely, is about to begin delivery in March. It’s out there for pre-order at $699, a fraction of Apple’s price ticket of round $3,500 for the Imaginative and prescient Professional.
On Jan. 8, Xreal stated it had shipped 350,000 AR glasses for the reason that firm was launched in 2017. That is in comparison with 250,000 models as of October, and 150,000 models as of Could.
The startup stated it plans to make use of the newest funding for analysis and improvement, in addition to manufacturing facility enlargement. Complete backing from traders has now reached $300 million, Xreal stated.
— CNBC’s Arjun Kharpal contributed to this report.
