Qualcomm-powered Chinese XR startup Nreal raises $40 million

Qualcomm-powered Chinese XR startup Nreal raises $40 million

4 years ago
Anonymous $rxtAWepgzY

https://techcrunch.com/2020/09/04/nreal-raises-40-million/

Nreal, one of the most-watched mixed reality startups in China, just secured $40 million from a group of high-profile investors in a Series B round that could potentially bring more adoption to its portable augmented headsets.

Kuaishou, the archrival to TikTok’s Chinese version Douyin, led the round, marking yet another video platform to establish links with Nreal following existing investor iQiyi, China’s own Netflix. Like other major video streaming sites around the world, Kuaishou and iQiyi have dabbled in making augmented reality content, and securing a hardware partner will no doubt be instrumental to their early experiments.

Qualcomm-powered Chinese XR startup Nreal raises $40 million

Sep 4, 2020, 11:15am UTC
https://techcrunch.com/2020/09/04/nreal-raises-40-million/ > Nreal, one of the most-watched mixed reality startups in China, just secured $40 million from a group of high-profile investors in a Series B round that could potentially bring more adoption to its portable augmented headsets. > Kuaishou, the archrival to TikTok’s Chinese version Douyin, led the round, marking yet another video platform to establish links with Nreal following existing investor iQiyi, China’s own Netflix. Like other major video streaming sites around the world, Kuaishou and iQiyi have dabbled in making augmented reality content, and securing a hardware partner will no doubt be instrumental to their early experiments.