Rokid Raises $70 mn From Hefei Government
Chinese AR technology company Rokid has raised $70 million in its latest funding round, led by the Hefei government and institutional investors.
The deal aims to advance the local metaverse industry and focus on cutting-edge research and user experience optimization.
Rokid plans to establish its main metaverse facilities in Hefei’s New Station Hi-Tech Zone, including a headquarters, ecosystem hub, and R&D center.
The company has previously secured $52 million in funding from investors like Yuhang Financial Holdings Group, Dunhong Capital Management, and Ganbei Investment.
(With inputs from Shikha Singh)
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