Nreal, the China-based firm behind the Nreal Gentle AR glasses, right now introduced its secured one other $40 million in funding.
As reported by TechCrunch, the newest financing spherical was led by Chinese language video sharing platform Kuaishou, with participation by iQiyi, GP Capital, CCEIF Fund, GL Ventures, and Sequoia Capital China.
This brings the corporate’s total funding to $71 million, in keeping with CrunchBase.
Since its penultimate funding spherical in February 2019, the corporate has since commercialized it Nreal Gentle AR headset, which is at present solely out there in South Korea. The very glasses-shaped headset, which requires a smartphone to drive its visuals, is being bundled with the Samsung Galaxy Be aware 20 or LG Velvet and a 5G information plan.
In that nation it prices ₩349,500 (~$295) with a knowledge plan; with out the smartphone/5G bundle, the headset is priced at ₩699,000 (~$590).
Having greater than doubled its lifetime funding with its latest Sequence B increase, Nreal is little doubt planning on increasing its space of availability. In keeping with Forbes, Nreal Gentle is slated to launch within the US someday this Fall, priced at $500, and we’d anticipate to see different markets open up within the months to return.
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