Rokid proclaims $112M in Collection C funding

November 21, 2023 – Rokid, a supplier of augmented actuality (AR) applied sciences, has just lately introduced the profitable completion of a USD $112 million Collection C funding spherical, with a key funding from NetDragon Websoft Holdings Limited.

Rokid acknowledged that the funding, together with a five-year partnership settlement, will assist speed up the creation of next-generation interactive consumer experiences that may “kind the spine of tomorrow’s metaverse,” in keeping with the corporate.

The strategic partnership will mix Rokid’s full stack know-how options that embody {hardware}, software program, and working techniques, in addition to its experience in AR glasses and headsets, with NetDragon’s expertise in web communities and scaling a number of platforms in each the gaming and schooling sectors.

“We’re blissful to have NetDragon onboard as not simply our investor but in addition our shut strategic companion going ahead.” stated Misa Zhu, Founder and CEO at Rokid. “As a number one unicorn within the quickly rising AR business, Rokid is a product-oriented platform firm specializing in human-computer interplay know-how with a powerful observe report in a number of industrial and client functions.”

Zhu added, “We stay up for working with NetDragon to broaden our alternatives by leveraging their data and know-how in schooling and gaming, in addition to their world gross sales community. We imagine that the mix of NetDragon and Rokid will convey new momentum in product improvement and breakthrough innovation to the business.”

Additionally commenting on the announcement, Dr. Simon Leung, NetDragon Group Vice Chairman and Government Director, famous: “We’re excited with our funding in Rokid as we imagine AR can be one of many core applied sciences to allow the metaverse within the years to return.”

In keeping with Dr. Leung, NetDragon sees AR changing into one of many key channels by which customers will work together with each other within the metaverse. That is partly resulting from the truth that AR is best suited to longer utilization when in comparison with VR, which in consequence helps to broaden the quantity and number of functions, significantly on the subject of schooling and gaming use circumstances.

Dr. Leung added: “Our partnership with Rokid will open up alternatives for us to design merchandise with a brand new degree of consumer expertise with the applying of AR applied sciences, and on the similar time speed up our go-to-market for our AR-enabled product choices.”

To seek out out extra about Rokid and its augmented actuality leisure options, please go to the corporate’s website.

Picture credit score: Rokid