Extended Reality Glasses Chips Maker GravityXR Secures New Funding, Investors include miHoYo
Summary
GravityXR, a chip development company specializing in extended reality (XR) glasses, has completed a pre-A+ round of financing worth hundreds of millions of yuan, LatePost reported on April 23rd. Currently employing around 200 people, the company plans to mass-produce its first-generation product by the end of 2024 with nearly 1 billion yuan in total funding.Over the past decade, XR has seen both hype and decline. These XR glasses can be worn in daily life and work, inspiring new applications that integrate physical environments with digital information such as e-commerce and social experiences. However, there are long-term bottlenecks for XR experience, production, and sales due to narrow viewing angles, unclear displays caused by optical technology limitations, dizziness issues, and low battery life.SEE ALSO: Xiaomi Wireless AR Glass Discovery Edition Unveils at MWC 2023GravityXR is currently developing a co-processor chip specifically designed for XR devices. In the future, GravityXR plans to bundle its chips with various platforms and products to offer multiple payment models instead of selling them directly to manufacturers.