Nreal makes lightweight TV glasses and raises $100 million

$100 million—get outta here   Chinese augmented reality (AR) glasses maker Nreal raised $100 million and will use it for international expansion and development of new products. It has been suggested that the funding values Nreal at $700 million. The company was founded in 2017 in Beijing, China, by Bing Xiao and Chi Xu (who used to be at Magic leap) and raised $7.5 million in funding from angel investors like former CEO of J.P. Morgan, Bill Harrison, and Joubin Mirzadegan of Kleiner Perkins. Subsequent investors include NIO Capital, Yunfeng Capital, Hongtai Aplus, CPE, GP Capital, GL Ventures, and Sequoia