Nreal is pressing ahead with R&D, expanding into new markets and launching new products
Update
Nreal has confirmed that it has raised $100 million from a series C funding round.
This brings the company’s total funding raised to $190 million, following its $40 million series B round last year.
The company also said that Nreal Light is retailing in Japan, South Korea, China, Germany, and Spain, with more markets to come following the latest funding round.
Nreal intends to “introduce new products and services that are tailored to select use cases”, strengthen its partnerships with carriers, increase its content offering through partnerships with streaming services and game developers, and “drive exploration for opportunities in the metaverse”.
Quick read
➨ Nreal has raised $100 million in funding and achieved a valuation of $700 million
➨ The company is also planning to launch a new product as early as next week, likely a follow up to the flagship Nreal Light glasses
➨ Following Nreal Light’s commercial launch in South Korea and Japan, the glasses headed to Europe, launching initially in Spain
The story
Nreal, the Chinese manufacturer of augmented reality (AR) glasses, has raised $100 million in funding and achieved a valuation of $700 million, according to CNBC.
The funding will be spent on research and development and expanding into new markets, the company’s chief executive officer, Chi Xu, told the news outlet in an interview.
Xu also told CNBC that it is planning to launch a new product as early as next week, likely a follow up to the flagship Nreal Light glasses.
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