Breaking: Xreal’s New Augmented Reality Glasses Receive $60 Million in Funding, Surpass $1 Billion Valuation

Xreal, the producer of augmented reality (AR) glasses, in collaboration with Alibaba, has announced a new round of funding amounting to $60 million. This investment has propelled the company’s valuation to over $1 billion.

Augmented reality glasses allow for the overlaying of digital images onto the real world, offering innovative solutions in various fields, including computer gaming.

The highly anticipated Air 2 Ultra, Xreal’s latest model of AR glasses, will soon hit the market. These glasses are compatible with gaming consoles, enabling users to play on a large virtual screen. The best part? They are priced at only $699, significantly more affordable compared to Apple’s Vision Pro model, which costs around $3500.

Xreal has also experienced substantial growth in sales. Since its establishment in 2017, the company has already delivered 350,000 units of AR glasses. Comparing these numbers to October of last year (250,000 units) and May (150,000 units), it is evident that the market for AR glasses is steadily expanding.

The newly acquired funding will be allocated towards research and development, as well as the expansion of manufacturing facilities. With a total investment support of $300 million, Xreal is setting the stage for future advancements in the AR industry.

Xreal’s achievement of reaching a valuation exceeding $1 billion marks an important milestone for this innovative technology, which is gaining popularity among users worldwide.

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