Sunday, December 3, 2023

NetDragon Completes US$20M Funding in Rokid, Kinds Strategic Partnership to focus on Metaverse alternatives


HONG KONGNov. 20, 2023 /PRNewswire/ — NetDragon Websoft Holdings Restricted (“NetDragon” or “the Firm”, Hong Kong Inventory Code: 777), a world chief in constructing web communities, has accomplished a strategic funding of US$20 million because the lead investor within the newest fairness fundraising spherical of Rokid Company Ltd (“Rokid”), and in parallel with the funding, the 2 firms have signed a 5-year strategic partnership settlement to pursue metaverse alternatives globally with Rokid’s state-of-the-art Augmented Actuality (AR) applied sciences.

As a world chief in constructing web communities, NetDragon makes a speciality of scaling a number of web and cell platforms in each gaming and training sectors. The Firm’s achievements within the training subject, acknowledged globally, make it an professional in leveraging expertise to enhance studying experiences.

Equally, as a world-renowned main firm in AR applied sciences, Rokid is in a singular place to supply complete expertise options that embody {hardware}, software program, and working methods. This funding and partnership will speed up the creation of next-generation interactive consumer experiences that can kind the spine of tomorrow’s metaverse. Rokid is presently backed by famend traders and business gamers together with IDG, Walden, Fosun, Haitong, Temesak, and many others.

Dr. Simon Leung, NetDragon Group Vice Chairman and Govt Director stated, “We’re excited with our funding in Rokid as we consider AR will likely be one of many core applied sciences to allow the metaverse within the years to return.

We see AR turning into a key channel for customers to work together within the metaverse, and can considerably broaden the quantity and number of makes use of circumstances, particularly in training and gaming. Our partnership with Rokid will open up alternatives for us to design merchandise with a brand new stage of consumer expertise with the applying of AR applied sciences, and on the identical time speed up our go-to-market for our AR-enabled product choices.”

Mr. Misa Zhu, the Founder and CEO of Rokid, stated: “We’re comfortable to have NetDragon onboard as not simply our investor but in addition our shut strategic companion going ahead. As a number one unicorn within the quickly rising AR business, Rokid is a product-oriented platform firm specializing in human-computer interplay expertise with a robust monitor document in a number of industrial and shopper purposes.

We look ahead to working with NetDragon to increase our alternatives by leveraging their information and know-how in training and gaming, in addition to their world gross sales community. We consider that the mix of NetDragon and Rokid will deliver new momentum in product growth and breakthrough innovation to the industry.”

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