According to reports, Luo Yonghao AR startup recently completed nearly 400 million yuan angel round of financing.

 

 

The angel round of financing was led by Meituan Longzhu, and followed by nine institutions including Matrix Partners and BlueChip Venture Partners. It is understood that the current valuation of Luo Yonghao AR startup ranges from 1-1.5 billion yuan.

 

 

 

 

It is reported that Luo Yonghao's AR startup is called "Thin Red Line" (translated as fine red line). Recently, Thin Red Line has opened a tight recruitment plan. The company has released 25 positions on a recruitment platform, most of which offer a monthly salary of 20k-40k, with the highest monthly salary of AR/VR strategy analyst and AR product manager reaching 60k (15 salaries), a generous compensation almost comparable to that of first-tier large factories. Meanwhile, the company is positioned as an Internet company with 400-600 employees.

 

 

According to Luo, AR is the next-generation computing platform, and VR is more like a game console, so even if it has more social attributes, it should be the end of the line if it sells 100 or 200 million units a year.

 

 

Luo also revealed that the hardware team will develop an engineering machine every year, which in principle will not be sold to the public, but only for internal development, until the commercialization conditions and overall environment are generally mature.

 

 

The inherent difference predestines the potential of AR in the consumer market to be far greater than that of VR.