Augmented actuality (AR) glasses maker Nreal raised US$60 million in its Sequence C+ led by Alibaba, which joins rival Chinese language tech giants Tencent and ByteDance in a race into the metaverse.
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- The Chinese language AR gadget producer has stood out amongst Chinese language AR startups, with its newest spherical elevating its 12-month funding to US$200 million.
- Nreal stated in a press launch that it plans to make use of its recent funds for content material and app improvement, in addition to home and international expansions.
- AR and digital actuality (VR) headsets are slated to play main roles within the metaverse, with Meta (previously Fb) and Microsoft already controlling giant chunks of the market share, because the business waits for Apple to make its extremely anticipated VR/AR gadget announcement.
- Chinese language tech big ByteDance acquired a VR gadget maker in August 2021, whereas Tencent revealed its plans to take action in January 2022.
See associated article: Foxconn’s Taiwan subsidiary receives funding from Google for metaverse initiatives