In an effort to establish itself as a competitor to Apple, Chinese augmented reality startup Xreal secures $60 million in funding. - Road to VR
Chinese AR Startup Xreal Raises $60M in Hopes of Competing with Apple
China-based AR headset creator, Xreal, has raised $60 million in its latest funding round. The funding will be used for product development and expanding production facilities. Xreal, which is backed by investors including Alibaba and Sequoia China, has now raised a total of $300 million. The company's CEO, Chi Xu, stated that the funding round reinforces Xreal's position in the global AR market and demonstrates strong commitment from its partners. Xreal recently announced the launch of its Air 2 Ultra headset and aims to compete with Apple in the AR space. For more information, visit the source at Road to VR.
Source: https://www.roadtovr.com/xreal-raises-60-million-apple-competitor/