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Rokid Secures $70 Million Funding to Propel Metaverse Expansion

In a significant development reflecting the burgeoning support for technology start-ups in China, Augmented Reality (AR) firm Rokid has successfully raised $70 million in funding. The funding round was led by the Hefei government, underscoring the strategic importance of Rokid’s innovative contributions to the tech industry.

This injection of capital positions Rokid for substantial growth and paves the way for the establishment of its Metaverse headquarters, ecosystem hub, and research and development (R&D) center in Hefei’s New Station Hi-Tech Zone.

Funding Breakdown: Rokid’s latest funding round, spearheaded by the Hefei government, signifies a robust vote of confidence in the company’s vision and technological prowess. The $70 million investment is expected to accelerate Rokid’s initiatives in the rapidly evolving AR and Metaverse space.

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Metaverse Headquarters and Ecosystem Hub: With the infusion of capital, Rokid is poised to establish its Metaverse headquarters and ecosystem hub, signaling a commitment to shaping the future of augmented reality and immersive digital experiences. The Metaverse has gained considerable attention globally, and Rokid’s strategic move positions the company at the forefront of this transformative trend.

The Metaverse headquarters will likely serve as the focal point for Rokid’s Metaverse-related activities, including the development of cutting-edge AR technologies, virtual environments, and collaborative platforms. Meanwhile, the ecosystem hub is anticipated to foster collaboration with other companies, startups, and developers, creating a vibrant Metaverse ecosystem that benefits users and industry stakeholders alike.

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Jack Boreham

Jack Boreham is the editorial director and account executive at the Digital Twin Insider: the leading digital twin publication globally. Jack has been at the forefront of the platform's growth as a digital twin specialist - writing and advising projects in the Digital Twin space for over two years. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

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