Chinese augmented reality (AR) glasses and software company Rokid has successfully secured 500 million yuan (about $70 million) in a funding round. The funding was spearheaded by the government of Hefei City, a key hub for auto and semiconductor production near Shanghai. What Happened: Rokid, a direct competitor with Apple’s Vision Pro, has plans to utilize the funds to advance its AR technology in the industrial sector. The company’s glasses, already widely used in sectors such as energy, are designed to enhance safety checks and reduce training time for workers. The company aims to further d…
