Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen<\/p>\n
Xreal<\/p>\n<\/div>\n<\/div>\n<\/div>\n
BEIJING \u2014 Alibaba<\/a><\/span><\/span><\/span>-backed augmented reality glasses company Xreal said Monday it received $60 million in new funding, giving the company a valuation of more than $1 billion.<\/p>\n That valuation gives the startup unicorn status, the first in the AR glasses industry, Xreal claimed. It did not share who participated in the latest funding round.<\/p>\n Augmented reality (AR) technology allows digital images to be imposed over the real world.<\/p>\n Apple<\/a><\/span><\/span><\/span>‘s Vision Pro virtual reality headset, set for release in the U.S. on Feb. 2, also\u00a0allows users to see the real world<\/a>\u00a0using what the company calls “spatial computing” technology.<\/p>\n Xreal’s latest AR glasses model, the Air 2 Ultra, is set to start shipping in March. It is available for pre-order at $699, a fraction of Apple’s price tag of around $3,500 for the Vision Pro.<\/p>\n