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Vision Pro and Quest rival XREAL secures $60 million to expand AR devices production: report
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TechNode
Why it matters: As a major player in the global AR device sector, XREAL’s devices are considered potential competitors to Apple’s Vision Pro and Meta’s Quest 3.
This strategic financing empowers XREAL to pursue vital growth initiatives, such as expanding its AR glasses production.
XREAL has not disclosed the specific investors behind the new $60 million financing.
On Jan. 4, XREAL announced a total shipment of 350,000 AR glasses since its establishment in 2017.
The company claimed to currently hold a 45% share of the global AR market, a statement that came after market intelligence firm IDC confirmed XREAL secured a 51% market share in the global AR segment during the third quarter of 2023.
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