Xreal Valuation, Funding & Investors

HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company’s operations are mainly in the research, design, manufacture and sale of virtual reality devices and smart mobile devices, which accounts for majority of the total revenue.

DeePoon is a developer of VR head-mounted devices and content supporting PC and mobile platforms. Products include Virglass and E series helmets with AMOLED displays. The Shenzhen-based company operates 3Dbobo distribution platform.

Sun Corp is a Japanese company engaged in the business of providing mobile data solutions, gaming content, Online to Online solutions, and Enterprise AR solution. The products of the company include IoT, Global Data Intelligence Division, Game Machine Parts, Game Content, and others.

DigiLens is a Sunnyvale-headquartered developer of holographic waveguide displays for extended reality applications across automotive, consumer electronics, and defense sectors. Founded in 2010, the company employs switchable grating technology with photopolymer materials for thin, lightweight AR glasses and heads-up displays. DigiLens partners with OEMs like Panasonic and Thales for avionics HUDs and supplies modules to military programs including F-35 helmet systems. Its low-cost manufacturing process enables mass production of XR devices viewable in bright sunlight with wide fields of view up to 50 degrees.

WayRay is a Zürich-headquartered developer of holographic augmented reality for vehicles, producing the Holograktor head-up display system. Founded in 2012, it raised $38 million from investors like UBS and operates R&D in Shanghai, partnering with automakers for ADAS integration tested on Audi prototypes.

Mojo Vision is a developer of micro-LED display technology for consumer, enterprise, and government uses. Saratoga-headquartered since 2015, it produces the world's smallest and densest dynamic displays using proprietary quantum-dot technology for full-color capabilities. The company applies this to augmented reality smart contact lenses and aims to disrupt the display industry with 300mm manufacturing processes. Mojo Vision targets AR wearables, heads-up displays, and high-resolution screens.

Vuzix Corp is engaged in the design, manufacture, and marketing of Artificial Intelligence (AI)-powered Smart Glasses, Waveguides, and Augmented Reality (AR) technologies. Its solutions serve the enterprise, medical, defense, security, and select consumer markets, offering cutting-edge wearable computing and display technologies that enhance productivity and operational efficiency. Its products include near-eye displays (NEDs), heads-up displays (HUDs), and wearable computing devices. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, the Netherlands, and other countries.

Even Realities is a San Francisco-headquartered studio developing mixed reality experiences that integrate digital and physical worlds for immersive human interactions. The company creates AR/VR applications for events, education, and entertainment, including spatial audio installations and interactive holograms deployed at festivals like SXSW. Even Realities partners with brands such as Adobe and Meta to prototype experiences using Apple Vision Pro and Oculus hardware. Operating since 2020, the team delivers custom solutions for museums, corporate training, and live performances across the United States and Europe.

Fiture is a China-based home fitness company producing interactive smart fitness mirrors and screens. Beijing-headquartered, it integrates AI coaching, real-time form correction, and thousands of on-demand classes in strength, cardio, and dance. The hardware connects to apps for gamified workouts and community leaderboards.

Genies is a Los Angeles-headquartered avatar platform partnering with Universal Music Group and Warner Music Group as official avatar providers for artists like Justin Bieber. Launched in 2017, it powers 100 million creator avatars via a Snapchat Lens and AR Developer Kit. The Silver Studio app enables digital fashion design and trading on iOS and Android, following a $250 million funding round in 2021 valuing it at $1 billion.

HMD Global is an Espoo, Finland-based company that holds the exclusive license to the Nokia brand for mobile phones and tablets. Founded in 2016, the company designs and markets smartphones and feature phones across a range of price points, selling in 91 markets through roughly 250,000 retail outlets and having sold more than 240 million phones to date. HMD has also expanded into services such as subscription data roaming and mobile cybersecurity.

ModRetro is a U.S.-based hardware manufacturer reviving classic video game consoles. The company produces FPGA-based systems replicating Nintendo Game Boy Advance, GameCube, and N64 architectures with modern HDMI output and USB controllers. Devices support original cartridges and SD card loading. Launched in 2023 from Florida, ModRetro supplies retro gaming enthusiasts worldwide through crowdfunding and direct sales.

NAVER Z is a South Korean technology company operating ZEPETO, a metaverse platform with over 400 million registered users that enables creation of customizable 3D avatars using facial recognition, AR, and AI technologies. Founded by Naver through its Snow subsidiary and spun off in 2020, the platform allows users to design avatars, explore virtual worlds, create and sell digital fashion items, livestream, and socialize across age, gender, and geographic boundaries.

Scandit is a Zurich-headquartered provider of mobile computer vision software for barcode scanning and augmented reality in enterprise apps. The platform enables text recognition, object detection, and AR overlays on smartphones, wearables, drones, and robots. Used by 7-Eleven for shelf scanning, Alaska Airlines for boarding passes, Carrefour for self-checkout, and Johns Hopkins Hospital for asset tracking. Organizations in retail, logistics, manufacturing, and healthcare integrate Scandit SDKs into apps for inventory, proof-of-delivery, and patient management across 50 countries.

Toshiba Tec Corp is a Japan-based company that designs, manufactures, and distributes office equipment and machinery. Its product lineup is organized in four segments--retail solutions, which includes point-of-sale systems, self-checkout machines, kiosks and displays; printing solutions, which includes desktop, mobile, barcode, and multifunction printers; inkjet solutions, which includes high resolution inkjet printers; and original design manufacturer solutions, which include print heads, power supplies, barcodes, knives, cutters, display units, and other modules. The firm has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions.