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January 12, 2024

Rokid Secures $70 Million in Strategic Funding

The company has successfully secured a whopping $70 million (500 million RMB) in a strategic financing round

Embarking on a revolutionary journey, Rokid, a trailblazing Chinese augmented reality (AR) company, proudly announces a landmark achievement—a substantial infusion of approximately $70 million (500 million RMB) in a strategic financing round. This substantial investment, spearheaded by the Hefei Municipal Government, not only stands as one of the most significant recent AR investments in China but also signifies a momentous leap forward in propelling the metaverse industry.

Simultaneously, Rokid cements its financial triumph with an investment and cooperation pact with the Hefei Municipal Government. This strategic alliance is poised to invigorate the metaverse industry and sees Rokid establishing its industrial metaverse headquarters, an ecosystem hub, and a cutting-edge research and development (R&D) center within the Hefei New Station Hi-Tech Zone.

The collaboration between Rokid and Hefei is not merely financial; it signifies a shared vision to cultivate XR/metaverse industry development. With a focus on intensive innovation in metaverse applications and technologies, this partnership aims to enhance Hefei’s emerging tech sectors, particularly in micro-display and metaverse domains.

Since its inception in 2014, Rokid has been a beacon of innovation in spatial computing, leveraging proprietary artificial intelligence (AI) and AR technologies for both enterprise and consumer applications. With deployments in over eighty countries, Rokid has earned acclaim and positive feedback, solidifying its status as a global leader in human-computer interaction.

Misa Zhu, Founder and CEO of Rokid, expresses pride in contributing to science, technology, industry, education, and healthcare through their innovative strides. Focused on cutting-edge R&D and user-centric experiences, Zhu outlines Rokid’s commitment to achieving technological milestones and enriching the developer ecosystem for global impact.

This collaboration between Rokid and Hefei is not merely a financial alignment but a strategic partnership aiming to redefine the boundaries of the metaverse industry. It signifies the harmonious convergence of Rokid’s technological prowess with Hefei’s robust electronics infrastructure, setting the stage for pioneering advancements and shaping the future of the metaverse industry.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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