Photo courtesy of Lokid

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The augmented reality glasses market is heating up as demand for more immersive digital experiences soars. His AR startup Rokid recently raised $112 million in a Series C round, solidifying his position as one of the leaders in the space.

The $112 million Series C round included a strategic investment from Hong Kong-based gaming company NetDragon. Their industry expertise and global distribution capabilities will support Rokid’s expansion into new metaverse applications.

The new funding brings the company’s valuation to over $1 billion, cementing its status as a Metaverse unicorn. Rokid aims to create sophisticated, affordable AR glasses that provide an immersive 3D experience far beyond today’s bulky virtual reality headsets.

Rokid’s latest unicorn status as a pioneer in making AR glasses available globally shows that investors see huge positive potential in the next generation of immersive technology. If Rokid continues to grow, its affordable device could turn into a portal that brings the Metaverse to everyone.