That valuation gives the startup unicorn status, the first in the AR glasses industry, Xreal claimed.
Augmented reality (AR) technology allows digital images to be imposed over the real world.
Xreal's latest AR glasses model, the Air 2 Ultra, is set to start shipping in March.
On Jan. 8, Xreal said it had shipped 350,000 AR glasses since the company was launched in 2017.
The startup said it plans to use the latest funding for research and development, as well as factory expansion.
Persons:
Xreal, — CNBC's Arjun Kharpal
Organizations:
Xreal, Air, Vision
Locations:
BEIJING, U.S