Rokid Secures $112 Million Investment from NetDragon to Advance AR Glass Development for the Metaverse

A pioneer in augmented reality (AR) technology, Rokid has reported the successful completion of a funding round backed by a strategic investment from NetDragon Websoft , a well-known global leader specializing in the creation and management of massively multiplayer online games.

Based in Hangzhou, the company successfully wrapped up its Series C funding round, bringing total financing to $112 million.

Founded in 2014, Rokid concentrates on crafting both hardware and software innovations, including AR glasses and the YodaOS operating system. They have introduced various augmented reality solutions for both consumer and enterprise clients, like the Rokid Max AR glasses and Rokid Station.

To date, Rokid has garnered investments from renowned firms, including Temasek, Credit Suisse, IDG Capital, Haitong Security, and Vision Plus Capital.

Shaping the Future of the Metaverse 

Rokid and NetDragon Websoft have entered into a five-year partnership to expedite the development of cutting-edge interactive experiences that will amplify advancements in the metaverse. This collaboration is designed to boost product innovation within the industry.

We are eager to collaborate with NetDragon, harnessing their extensive expertise in the fields of education and gaming along with their global distribution network. We believe that together, NetDragon and Rokid will generate significant advancements in product development and innovative breakthroughs for the industry,” stated Mr. Misa Zhu, the Founder and CEO of Rokid.

Through this partnership, NetDragon Websoft will have the chance to apply AR technologies to enhance product design and refine user experiences. Additionally, this collaboration will accelerate the introduction of AR-enabled products to the market.

“We view AR as a pivotal medium for user interaction within the metaverse, especially since AR applications can be used over extended periods more effectively than VR. This significantly expands both the range and number of use cases, particularly in the realms of education and gaming,” noted Dr. Simon Leung, NetDragon Group’s Vice Chairman and Executive Director.

Both companies express a shared vision for innovation, fueled by a passion for exploring new frontiers and a strong commitment to advancing the technology of the metaverse.