Temasek-Backed Chinese Startup Is Augmented Reality’s Newest Unicorn
- China’s Rokid raises $112 million to help expand abroad
- Big Tech still struggling to make mixed reality mainstream
Rokid Max AR glasses.
Source: RokidThis article is for subscribers only.
Temasek Holdings Pte-backed Chinese augmented reality startup Rokid Inc. has raised $112 million at a valuation of $1 billion to help expand overseas, the latest to bet on next-generation hardware’s ability to bring about a mixed-reality future.
New investors in the Hangzhou-based company include Chinese online gaming and education service provider NetDragon Websoft Holdings Ltd. Rokid, which has raised close to $200 million so far, said it’ll explore AR applications in education and that it expects overseas revenue to exceed domestic sales in 2024, without disclosing any figures.