BOE Leading Investment: AR Technologies Brillant Technologies Receives 50 Million Financing

Today, Beijing Yulong Technology Co., Ltd. (abbreviation: Xilong Technology; English: XLOONG) focusing on augmented reality and smart glasses product development disclosed to Xiao Bian that it has completed the latest round of RMB 50 million A+ round financing. The BOE Group led the investment.

The company also received tens of millions of RMB A rounds of financing led by Lixin Precision in early 2016. In the first year since its establishment, Angel, A and A+ have completed three rounds of financing, with a valuation of several hundred million yuan.

Xiaolong XLOONG founder and CEO Shi Xiaogang revealed that in addition to the financing of the company to provide adequate funding for sustainable development, the most important thing is to accelerate the next generation of products to market, Xiaolong XLOONG will be the next step to launch more excellent AR products.

Xiaolong Technology XLOONG Founder & CEO Shi Xiaogang

In July 16th, Xiaolong XLOONG officially launched the first generation of consumer-level AR products - XLOONG sports smart glasses. It is an AR smart glasses created for the sports field. Officially disclosed that the order quantity of this product has reached thousands.

Snapdragon has a number of core technologies and patents in hardware, optics, and algorithms. Its team members mainly come from Huawei, Lenovo, Microsoft and other well-known hardware and internet companies at home and abroad, and possesses strong independent research and development capabilities. It has become China's AR market. One of the important players. According to reports, the company’s second-generation binocular holographic smart glasses will be mass-marketed at the end of the year.

The financing will have strategic value and significance for the development of Xiaolong Technology XLOONG. BOE (BOE) has also had a layout in the field of VR/AR. In 2014, it invested in the American AR startup company Meta, which is BOE (BOE)'s first investment in the domestic AR company. BOE Group's investment in Xiaolong XLOONG will provide strong strategic support for the development of Xiaolong XLOONG. With the BOE Group’s world-leading display technology, rapid mass production, and resource integration capabilities, it will accelerate the acquisition of Xiaolong Technology AR. Product R&D, rapid mass production and promotion of market channels.

It is understood that Jinggong Hongyuan and other funds have also participated in this round of financing of the Panlong Technology. The Beijing Capital Hongyuan Fund has been jointly established by the Zhongguancun Development Group, Yizhuang Guotou, Haidian Science and Technology Park, and Beijing Institute of Technology. Scientific and technological achievements conversion fund.

At present, a large number of giants such as Microsoft, Google, and Apple are all deploying VR/AR. Shi Xiaogang frankly stated that the AR industry will take several years to develop, and Xiaolong XLOONG still has a long way to go.

For Xiaolong XLOONG's future, Shi Xiaogang confidently said: “Nan Long not only has to be the world's leading AR product, but also a respectable world-class company. The reason why entrepreneurship is to hold such a mentality and Determined to go."

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