Shulou(Shulou.com)11/24 Report--

CTOnews.com November 23 news, today, Luo Yonghao AR start-up company Fine Red Line Technology announced that it has recently completed an angel round of financing of about $50 million (about 357 million yuan), with a post-investment valuation of about $200 million (about 1.428 billion yuan).

CTOnews.com learned that this round of financing is led by Meituan Longzhu, Lanchi Venture Capital, Lenovo Venture Capital, Matrix Partners, DJI Innovations, ATM Capital and other investment institutions, as well as Li Wanqiang, Wu Yongming and other people in the science and technology circles, and Hillhouse Capital acts as a financing consultant.

According to Fine Red Line, the company was founded in June 2022 to build the next generation of personal computing devices after smartphones.

Earlier this year, Luo Yonghao said he believed that AR would be the next-generation computing platform, and that his hardware team would develop an engineering machine every year, which in principle would be limited to internal development until the commercial conditions and the overall environment were roughly ripe for sale.

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