AR glasses maker Xreal secures $60M and prepares for production ramp-up

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AR glasses maker Xreal has secured $60 million in a confidential strategic funding round, bringing its total fundraising to $300 million. The new funds will be used for research, development, and factory expansion to increase production of its AR glasses. Previous investors include Alibaba, Nio Capital, Sequoia, Kuaishou and Gentle Monster. In January, Xreal announced that it had shipped 350,000 pairs of AR glasses and introduced the Xreal Air 2 Ultra as a competitor to the Apple Vision Pro and Meta Quest 3. Priced at $699, the Xreal Air 2 Ultra is available for pre-order and will begin shipping in March.

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