Chinese startup Nreal secures funding for its AR-glassesAlibaba, the e-commerce giant, is among the companies that will contribute funding and has its sighs on the metaverse.

ByEntrepreneur Staff

This article was translated from ourSpanish edition.

KDdesignphoto | Shutterstock

As the metaverse becomes popular, technology companies begin to develop a series of devices that will allow us to interact with virtual worlds. One of thesegadgetsare theaugmented reality glassesmade by the Chinese startup,Nreal, which managed to raise$60 million dollarsin a round of financing led by the e-commerce giant,Alibaba, which has shown interest in venturing into the metaverse. .

The startup said it will use the money for research and development, as well as expanding into other markets beyond China, later this year. Among the countries in which the brand wants to have a presence are South Korea, Japan, Spain and the United States. Nreal is headquartered in Beijing and raised $100 million in financing last year with support from electric car makerNio, video platformKuaishouand streaming serviceiQiyi.

The bet ofChi Xu, founder and CEO of Nreal, is that in the near future these devices will replace smartphones. Currently there are two different models:Light and Air(both communicate with the smartphone through an application calledNebula) and in addition to allowing a hybrid experience between the real world and digital elements superimposed on the user's vision, the lenses can become into personal "screens" to project movies and videos before the eyes of the wearer.

Nreal是傻人nded in 2017.

DO YOU REMEMBER GOOGLE GLASS?

It is not the first time that technology companies have developed augmented reality devices that are worn as glasses. In 2012, Google introduced a device calledGoogle Glassthat allowed an interaction similar to that offered by Nreal. After a highly attention-grabbing launch, the first devices went on sale for $1,500. When they began to be used, a controversy arose around privacy issues (the term"glassholes"was coined to describe users who did not use their devices in a socially acceptable way, for example, recording with their glasses what they saw without let people know). Some restaurants have even banned the use of Google Glass among their diners concerned about the privacy of other customers. Little by little the frenzy caused by Google Glass ended up eroding and the project disappeared.

Not only Google has tried its luck with smart glasses. Among the brands that have ventured into this market are Ray-Ban (in alliance with Facebook), Bose, Amazon, JLab Audio, Oakley and not to mention the developers of immersive viewers such as Magic Leap (a company that Chi Xu directed ), Oculus, Meta Company and Vital Enterprises.

With the consolidation of the metaverse, it is possible that more products will appear, as users will begin to look for devices that allow them to interact with virtuality.

Entrepreneur Staff

Entrepreneur Staff

Editor

Related Topics

Business News

KFC Has Been Dethroned as No. 2 Chicken Chain in the U.S. — Here's Who Took Its Spot

A viral chicken sandwich led to an increase in market share.

Business News

Drew Barrymore's Writers Are Not Returning Amid Controversy, Despite End of Strike

The new season is slated to return to air on October 16.

Branding

How a Strong Personal Brand Can Justify Charging a Premium

A strong personal brand enhances the ability to charge premium prices by elevating perceived value and exclusivity and plays a crucial role in amplifying PR efforts, standing out in a saturated market, and establishing credibility and opportunities across various industries.

Business News

'We Don't Sleep Well Anymore': Airbnb Host Grapples With 'Tenant From Hell' Who Refuses to Leave

An Airbnb guest rented a guesthouse for a long-term stay in 2021 but has since remained in the unit for over 540 days — without paying rent.

Marketing

11 Google Ads Hacks That Have Taken My PPC Results to the Next Level

Google Ads isn't dead — far from it, actually. Here's how to make the most of this popular yet under-appreciated advertising platform.