"Alibaba-backed Xreal Raises $60M to Challenge Apple's AR Dominance"
TL;DR Summary
Alibaba-backed Xreal, a competitor to Apple's Vision Pro, has secured $60 million in new funding, reaching a valuation of over $1 billion and claiming unicorn status in the AR glasses industry. The company's latest AR glasses model, the Air 2 Ultra, is set to start shipping in March at a price of $699, significantly lower than Apple's Vision Pro. Xreal plans to use the funding for research and development, as well as factory expansion, with total backing from investors reaching $300 million.
- Alibaba-backed Xreal, rival to Apple's Vision Pro, claims it's now an AR glasses unicorn CNBC
- Chinese startup XReal's new AR glasses will compete with Apple: CEO Business Insider
- Chinese AR Glasses Maker Raises $60 Million to Compete With Apple Bloomberg
- Xreal raises $60M for consumer AR glasses VentureBeat
- Apple (NASDAQ:AAPL) Faces New Competition in AR - TipRanks.com TipRanks
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