Great news for AREA member Rokid as they close series C round of funding. Rokid has raised a total of $160 million from two tranches of Series C fundraising.
Chinese startup Rokid has been through a few stages of transformation over its eight years of existence. The Temasek-backed company started out as a smart speaker maker when the vertical was all the rage in China in mid-2015s, but it has in recent years put more focus on Augmented Reality.
This week, Rokid said it has secured a $160 million Series C round, lifting its total capital raised to $378 million.
Rokid has been exploring enterprise use cases, like enabling remote communication for field workers in the auto, oil and gas, and other traditional industries. Its X-Craft headset, for instance, is resistant to explosions, water and dust and comes with 5G and GPS capabilities.
During the COVID19 pandemic Rokid pitched smart glasses that could detect temperatures of up to 200 people within two minutes.
With a team of about 380 employees, Rokid said it will spend the new proceeds on research and development as well as global expansion, so developed markets could be expecting more of Rokid’s B2B offerings. Indeed, the firm just hired an energy industry veteran to head its sales in the APAC region.
The AREA sends our congratulations on this expansion.
Post time: Jul-11-2022