Received another billion-level funding! Thunderbird Innovation completed a new round of financing of 100 million yuan

[Gearbest Technology News]On March 4, Thunderbird Innovations, the world's leading consumer AR brand, announced the completion of a new round of financing of 100 million yuan. This round of financing was jointly invested by Huatai Zijin, Yanchuang Group and other institutions. The funds raised will be used for the technical research and development, mass production and market popularization of the new generation of consumer AR glasses, as well as to promote the construction of the AI+AR glasses ecosystem.

So far, LeTV Innovation has completed three rounds of financing in the past year. Major investors include Fosun Capital, Rongyi Investment, Ganbei Fund, Inno Angel Fund, 37 Interactive Entertainment, Runxing Ruihua, Doctor Eyeglasses, Yecao Venture Capital, Hainan Yingtian, etc.

With the continuous advancement of AR technology, digital information is being integrated into users' visual perception in an unprecedented way. The introduction of AI makes this information more dynamic and intelligent. This change gives AR glasses the ability to “understand” the real world, making it a human “external brain”.

Li Hongwei, founder and CEO of Thunderbird Innovations, said that AR glasses, as the best hardware carrier of AI technology, have demonstrated unique value and potential in the era of spatial computing, and the turning point of industry development is coming. As the world's leading consumer AR brand, Thunderbird Innovations will continue to innovate technology to bring users more creative AR experiences.

Founded at the end of 2021, Thunderbird Innovations is one of the few AR complete machine + ecological brands in the industry that has simultaneously deployed BirdBath and optical waveguide technology, and has the ability to self-develop and mass-produce optical engines. In October 2023, Thunderbird Innovation released and mass-produced the world's first binocular full-color MicroLED optical waveguide AR glasses Thunderbird X2. The ultra-small full-color light engine equipped in the product was independently developed by Thunderbird Innovation. For the first time, it broke the MicroLED three-color combination problem and achieved full-color display effects. The mass production yield is as high as 92%, far exceeding the industry average. Based on Thunderbird X2, Thunderbird Innovation has further optimized the design and mass production process of the full-color MicroLED light engine. The imaging quality and optical efficiency of the light engine have been significantly improved, and the size has been greatly reduced compared to the previous generation. It is the world's smallest full-color MicroLED light engine. It is revealed that AR glasses equipped with this light engine are expected to be launched in Q3 2024.

In addition to continuous technological innovation in AR core optics and AR machines, Thunderbird Innovation also actively promotes the deep integration of AI and AR through forward-looking strategic layout. Its self-developed AI large model middle platform not only solves the problem of memory forgetfulness and confusion in large models, but also supports the integration of multiple artificial intelligence technologies and services, significantly improving overall operating efficiency and business agility. On this basis, Thunderbird Innovation released its self-developed large language model assistant RayNeo AI in December 2023, and recently launched the world's first AI+AR developer platform “RayNeo AI Studio” to provide users and developers with zero code The development environment allows everyone to easily create their own glasses-side AI agent.

With its leading technical strength, excellent product experience and user reputation, Thunderbird Innovations has quickly occupied the domestic market. Data from multiple institutions show that Thunderbird Innovations' consumer-grade AR glasses shipments have ranked first in the Chinese market for two consecutive years. Among them, according to online monitoring data from RUNTO Technology, Thunderbird's market share in 2023 is as high as 37.4%.

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