NetDragon Completes $20 mn Investment in Rokid
NetDragon Websoft Holdings Limited, a global leader in building internet communities, has completed a strategic investment of US$20 million as the lead investor in the latest equity fundraising round of Rokid Corporation Ltd, and in parallel with the investment, the two companies have signed a 5-year strategic partnership agreement to pursue metaverse opportunities globally with Rokid’s state-of-the-art Augmented Reality (AR) technologies.
As a global leader in building internet communities, NetDragon specializes in scaling multiple internet and mobile platforms in both gaming and education sectors.
The Company’s achievements in the education field, recognized globally, make it an expert in leveraging technology to improve learning experiences.
Similarly, as a world-renowned leading company in AR technologies, Rokid is in a unique position to offer comprehensive technology solutions that include hardware, software, and operating systems. This investment and partnership will accelerate the creation of next-generation interactive user experiences that will form the backbone of tomorrow’s metaverse.
Rokid is currently backed by renowned investors and industry players including IDG, Walden, Fosun, Haitong, Temesak, etc.
(With inputs from Shikha Singh)
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