Annabelle Stephenson
Definition:
– Augmented Reality (AR) glasses: Wearable devices that superimpose digital images onto the real world.
After a successful collaboration with Alibaba, Xreal, the leading producer of augmented reality (AR) glasses, has just secured an impressive $60 million in funding. With this substantial investment, the company’s value has now surpassed $1 billion.
New Funding Paves the Way for Xreal’s Air 2 Ultra Glasses
Xreal’s latest model, the eagerly awaited Air 2 Ultra, is poised to make a significant impact in the market. These AR glasses, tailored to meet the needs of passionate gamers, are compatible with gaming consoles and offer an immersive experience on a large virtual screen. What’s even better? The Air 2 Ultra glasses come at an affordable price of only $699, making them a more accessible option compared to Apple’s Vision Pro model, which costs around $3500.
A Rapidly Expanding Market for AR Glasses
Xreal’s success is not limited to funding alone. The company has witnessed substantial growth in sales since its establishment in 2017. To date, Xreal has delivered an impressive 350,000 units of AR glasses. Comparing these figures with last year’s sales of 250,000 units in October and 150,000 units in May, it is evident that the demand for AR glasses is steadily expanding.
Research, Development, and Manufacturing Expansion
The recently acquired funding will be strategically allocated towards research and development activities, as well as expanding manufacturing facilities. With a total investment support of $300 million, Xreal is committed to driving advancements in the AR industry. This substantial investment will pave the way for further innovation and ensure that Xreal remains at the forefront of the AR market.
A Landmark Valuation Exceeding $1 Billion
Xreal’s achievement in surpassing a valuation of $1 billion signifies a significant milestone for this cutting-edge technology. The increasing popularity of AR glasses among users worldwide highlights the growing acceptance and recognition of augmented reality in various fields.
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The source of the article is from the blog lisboatv.pt
