Nreal Raised $60 Million to Make its 'Nreal Air' Market-Ready
Colin Smith — March 31, 2022 — Tech
References: nreal.ai & venturebeat
'Nreal,' the premier developer of mixed reality eyewear, has raised $60 million USD in a Series C+ round of funding to complete research and development on its 'Nreal Air' ultra-lightweight wearable. Nreal will also use this money to bring its products, such as the upcoming Nreal Air, to a wider market through global business expansion.
The Nreal Air is described by Nreal as a "portable movie theater" because it outputs a simulated 201-inch virtual display when worn. The display is projected to the wearer at a range of six feet. While the company has yet to confirm the weight of the glasses, it has stated that the Nreal Air will be ultra-lightweight, despite its high-quality OLED display. The low weight is achieved by the eyewear needing to be connected to a mobile device, which allows the eyewear to save on processing power.
Image Credit: Nreal
The Nreal Air is described by Nreal as a "portable movie theater" because it outputs a simulated 201-inch virtual display when worn. The display is projected to the wearer at a range of six feet. While the company has yet to confirm the weight of the glasses, it has stated that the Nreal Air will be ultra-lightweight, despite its high-quality OLED display. The low weight is achieved by the eyewear needing to be connected to a mobile device, which allows the eyewear to save on processing power.
Image Credit: Nreal
Trend Themes
1. Ultra-lightweight AR Eyewear - Opportunity for development of even lighter AR eyewear technology for improved portability and comfort.
2. Mobile-connected AR Eyewear - Opportunity for innovation in mobile-device connected AR eyewear that offloads processing power from the device to the glasses.
3. Virtual Display Technology - Opportunity for growth in the development of simulated display technology for AR eyewear and other applications.
Industry Implications
1. Technology Hardware - Opportunity for companies in the technology hardware industry to invest in AR eyewear research and development.
2. Entertainment - Opportunity for growth in the implementation of AR eyewear technology in the entertainment industry for immersive experiences.
3. Retail - Opportunity for innovation in the retail industry with the use of AR eyewear technology for virtual try-ons and increased product visualization.
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