Friday, 24 March, 2023

AR glasses maker Nreal raises $200M funding in 12 months

<p>Nreal, a Chinese AR startup, is on a roll. The startup, which aims to provide bright-color, lightweight smart glasses to bring AR to the masses, has just acquired $60M in series C expansion round, bringing its total funding in the previous 12 months to a whopping $200M. The new investment is led by Alibaba, but its interest in Nreal is purely financial. Alibaba has a history of buying controlling holdings in startups that could be useful to gain to its massive retail network.</p>