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November 21, 2023

Unlocking the Metaverse: Rokid Secures $112 Million in Series C Funding

Rokid, the trailblazing AR glasses innovator has sealed an investment deal with NetDragon Websoft Holdings Limited

In a significant leap towards the metaverse future, Rokid, the AR glasses innovator with dual headquarters in Hangzhou, China, and California, US, has successfully concluded its Series C round funding with a strategic investment from NetDragon Websoft Holdings Limited. The infusion of funds amounts to an impressive $112 million, marking a pivotal moment for Rokid's vision of mainstreaming AR glasses as a gateway to immersive metaverse experiences.

Beyond the financial backing, Rokid has inked a five-year partnership pact with NetDragon to jointly explore global metaverse opportunities. This strategic collaboration aims to leverage Rokid's expertise in AR glasses and NetDragon's prowess in education and gaming to unlock new dimensions in product development and innovation within the burgeoning metaverse landscape.

Founded in 2014 by Misa Zhu, Rokid has emerged as a trailblazer in human-computer interaction technology. The company's focus spans the entire spectrum, from hardware like AR glasses to developing the YodaOS operating system. Rokid's suite of augmented reality solutions, including the Rokid Max AR glasses and Rokid Station, underscores its commitment to providing end-to-end AR experiences.

Rokid's AR glasses boast a repertoire of features, superimposing digital images onto the user's real-world view while intuitively responding to basic hand gestures. Originally designed for training and industrial applications, Rokid's AR glasses have gained a global footprint, serving users in nearly 80 countries for purposes ranging from gaming to learning and collaborative ventures.

Misa Zhu, Founder and CEO of Rokid, expressed enthusiasm about the collaboration with NetDragon, stating, "The combination of NetDragon and Rokid will bring new momentum in product development and breakthrough innovation to the industry." Dr. Simon Leung, Group Vice Chairman and Executive Director at NetDragon, echoed this sentiment, emphasizing their excitement about AR's pivotal role in shaping the metaverse.

The strategic investment and partnership with NetDragon not only mark a successful financial milestone for Rokid but also open doors to a future where AR glasses play a central role in reshaping how we interact with the metaverse. The synergy between Rokid and NetDragon positions them as key players in driving user experiences and product offerings in this dynamic and transformative landscape.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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