Augmented Reality glasses manufacturer Nreal has raised $100 million, making the Chinese company's valuation now in the region of $700m, according to an article on CNBC. The funding comes from major investors including Nio Capital and Sequoia Capital China.
With Nreal Light already available in territories that include South Korea, Japan and Spain, the investment will be used to fund international expansion, particularly in China and the USA.
Nreal is expected to reveal a new product this week.
Steve is an award-winning editor and copywriter with nearly 25 years’ experience specialising in consumer technology and video games. He was part of a BAFTA nominated developer studio. In addition to editing TheVirtualReport.biz, Steve contributes to BeyondGames.biz, PocketGamer.biz, PCGamesInsider.biz and BlockchainGamer.biz, as well as creating marketing content for a range of SMEs and agencies.
