American Financial Live
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
American Financial Live
No Result
View All Result
Home Economy

Xreal Hits $1B Valuation, Secures $60M Funding

admin by admin
January 31, 2024
in Economy
0
Xreal Hits $1B Valuation, Secures $60M Funding

Xreal Hits $1B Valuation, Secures $60M Funding

Alibaba-backed augmented reality (AR) glasses company Xreal has recently secured a significant $60 million in new funding, catapulting its valuation to over $1 billion. This milestone establishes Xreal as the first unicorn in the AR glasses sector. The specifics of the funding round, however, have not been disclosed.

Unveiling the Air 2 Ultra – Xreal’s Affordable AR Solution Set to Rival Apple’s Vision Pro

Xreal is set to begin shipping its latest AR glasses model, the Air 2 Ultra, in March. Priced at an attractive $699, these glasses offer advanced AR technology at a consumer-friendly price point. Positioned as a competitor to Apple’s Vision Pro, which is priced at around $3,500, Xreal’s goal is to democratise AR technology by offering a cost-effective alternative that doesn’t compromise on quality. This strategy is in line with Xreal’s mission to make AR accessible to a wider audience.

Strategic Use of Funding for Research, Development, and Expansion

Since its establishment in 2017, Xreal has shipped an impressive 350,000 AR glasses. With this latest round of funding, the company plans to accelerate growth. The investment will be directed towards research and development, focusing on innovation in AR technology. Additionally, Xreal aims to expand its manufacturing capabilities, scaling up operations to meet growing demand.

With total investments amounting to $300 million, Xreal has consistently progressed and remained committed to leading in AR innovation. The startup’s plan to invest in R&D and expand its manufacturing facilities underscores its dedication to improving its products and increasing production capacity.

Xreal’s Vision for the Future

As Xreal attains unicorn status and emerges as a strong competitor to Apple in the AR glasses market, its strategic funding allocation and the upcoming release of the Air 2 Ultra signal a bright future. Centering on affordability and innovation, Xreal is well-positioned to transform the AR landscape, making it more accessible and engaging for users globally.

The post Xreal Hits $1B Valuation, Secures $60M Funding appeared first on FinanceBrokerage.

Previous Post

SkyArk Chronicles ICO Skyrockets with $15M Binance Lead

Next Post

Ron DeSantis calls for Ilhan Omar’s deportation, expulsion from Congress for ‘Somalia First’ comments

Next Post
Ron DeSantis calls for Ilhan Omar’s deportation, expulsion from Congress for ‘Somalia First’ comments

Ron DeSantis calls for Ilhan Omar’s deportation, expulsion from Congress for ‘Somalia First’ comments

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    January 14, 2025
    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    January 14, 2025
    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    January 14, 2025

    About American Financial Live

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case
    • ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration
    • #29193 (no title)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved