Xreal, a Chinese augmented reality glasses maker, has raised $60 million from an unidentified supply chain partner, bringing its total funding to over $300 million. The company is now valued at over $1 billion, as stated by CEO Chi Xu. With the goal of competing against major players like Apple, Meta, and Google, Xreal is projecting revenues of $100 million to $150 million in 2024. The new funds will be allocated to the development and ramping up production of the Xreal Air 2 Ultra, priced at $699, to rival Apple's Vision Pro.
BREAKING: Xreal raises $60M for its AR consumer glasses & reaches unicorn status Xreal is also projecting revenue of $100 million to $150 million in 2024. Its Xreal Air 2 Ultra ($699) positions as a rival to Apple's Vision Pro. Congrats to the team! https://t.co/8W4U3S03Gc
Xreal's attempts to rival Apple Vision Pro boosted with $60 million new funding https://t.co/rWX5IXh0RG #Apple
The CEO behind Chinese startup XReal says its AR glasses will blow Apple's Vision Pro out of the water. Here's why. https://t.co/LM1JzkAA6k
Xreal raises $60M for consumer AR glasses #AR #Xreal #ARglasses https://t.co/tn402sizKH via @GamesBeat
Xreal raises $60M for consumer AR glasses, to try to compete with Apple https://t.co/jUhjku3uQ1
AR glasses maker Xreal raises $60M to ramp up production https://t.co/3nTAyOPq6g
China's Xreal now has $300 million to invest in its Xreal Air 2 Ultra, as another investor contributes to its plan to take on the Apple Vision Pro. By @WGallagher https://t.co/MNgC4NFDfI
AR glasses maker Xreal raised $60M from an unidentified supply chain partner at a $1B+ valuation, for $300M+ in funding, and expects $100M-$150M in 2024 revenue (@markgurman / Bloomberg) https://t.co/LxkoVc3B8e 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/l1mkFii9jZ
Xreal has raised $60 million to build its business of making consumer augmented reality (AR) glasses. https://t.co/hobCpBu2Mm
Chinese augmented reality glasses maker Xreal is raising fresh funding at a valuation that tops $1 billion, according to CEO Chi Xu, aiming to get out ahead of future devices from Apple, Meta and Google https://t.co/5L0hot6DMi