Led · Series C · Aug 2022

Xreal is a hardware startup focused on designing and manufacturing connected smart glasses. The company positions itself as a pioneer in the augmented-reality wearables space and showcased two new models, including an upgraded entry-level pair, at CES in Las Vegas. Management states that competitive pressure in smart eyewear is rising, prompting Xreal to bolster its balance sheet. According to CEO and co-founder Chi Xu, the firm’s post-money valuation now exceeds $1 billion. The fresh capital is expected to fund product launches, expand supply-chain capabilities, and support broader go-to-market efforts. While detailed revenue or user metrics were not disclosed, the company emphasizes strengthening its cash reserves to sustain growth initiatives.