Thin Red Line, an AR startup founded by Chinese tech celebrity Luo Yonghao, secured $50 million in angel funding, its official Weibo account posted on Wednesday. Notable tech firms and investors participated. Meituan’s venture capital firm led the investment, investing arms from Lenovo, DJI followed, BlueRun Ventures, Matrix Partners, and ATM Capital also participated. The startup was estimated to be valued at $200 million when the round closed. Luo founded the firm in June, focusing on AR and making the “next generation of personal computing devices.” Luo previously founded the Chinese phone brand Smartisan and is a popular livestream e-commerce host in China. [Thin Red Line, in Chinese]
Chinese tech celebrity-founded AR startup secured $50 million in angel funding · Lovablevibes
