Xreal Gathers $60M To Go Head-To-Head With Apple, Meta, And Google In The AR Glasses Arena

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Benzinga

Xreal, the Chinese AR glasses manufacturer, has procured $60 million in funding, pushing its valuation beyond $1 billion. This move positions Xreal to challenge industry leaders such as Apple Inc. (NASDAQ:AAPL), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google. What Happened: Xreal’s latest funding round has taken its total funding to over $300 million. The additional capital is sourced from a key supply chain partner who wishes to remain anonymous, stated Xreal CEO Chi Xu, reported Bloomberg. Chi further elaborated that the fresh capital will be used …

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