Preface

Recently, INMO, a leading domestic smart glasses manufacturer, announced that it has completed a nearly 100 million yuan Series B financing round. This round of financing is jointly participated by well-known investment institutions such as Sichuan Development Hongxin Fund, Chenghua Science and Technology Innovation Investment Company, and Jiangxi Zhonghuan Investment Group, which signifies that INMO's technical strength and market prospects in the AR field have been further recognized by the capital market.

After this round of financing, INMO plans to establish its headquarters in Chenghua District, Chengdu, and cooperate with Internet companies such as Mango Media and Momo to jointly create an industrial ecosystem for the metaverse.

INMO was founded in 2020, mainly engaged in the research and development, equipment, and solution design in the field of smart glasses. It has a core team from Coolpad and Huawei, as well as an advisory team from TCL and the Peking University Chip Laboratory. At the same time, INMO cooperates with fashion clothing brands to explore and create trendy tech products that combine fashion and technology, as well as a new lifestyle for the future world, together with the younger generation.

Company Business Situation

INMO possesses globally leading innovative AR smart glasses products and has carried out comprehensive cooperation from software and hardware to content applications with many domestic and foreign leading content companies, including Baidu, NetEase, and Migu. Its products are applied in consumer scenarios such as gaming, sports, and tourism. As a leading cooperative manufacturer of Epson and the only designated XR manufacturer by Qualcomm at 2021 MWC, INMO's products have served multiple industries such as culture and tourism, archives, and industry.

With consumer-grade AR glasses as the core of its business, INMO is the first domestic manufacturer to achieve mass production of wireless consumer-grade AR glasses and is the pioneer and leader in the wireless AR glasses category. INMO is committed to creating the "next-generation mobile terminal after the mobile phone" in the era of the metaverse. Since 2021, INMO has released multiple consumer-grade smart glasses. The first and second generations of the INMO AIR series released and sold in 2021 and 2022, respectively, with their wireless all-in-one design, have ushered in a new era of AR smart glasses.

In 2023, INMO made another strong effort and released the world's first AR smart glasses integrated with AI applications - INMO GO. With its lightweight and fashionable features, it is hailed as the closest competitor to Meta glasses in China, leading the industry in both technological advancement and sales volume among similar products.

The AR glasses created by INMO were the first in China to access the AI large language model, creating a new scene of AI + AR and deeply integrating into people's daily lives. At the same time, INMO is also the world's first lightweight wireless AR glasses to achieve SLAM + 6Dof, creating an entrance and carrier for people to enter and experience the metaverse.

Company Financing History

On July 31, 2024, INMO completed a nearly 100 million yuan Series B financing round. This round of financing was jointly participated by well-known investment institutions such as Sichuan Development Hongxin Fund, Chenghua Science and Technology Innovation Investment Company, and Jiangxi Zhonghuan Investment Group.

On May 16, 2022, INMO completed a Series A financing round of approximately 10 million US dollars, invested by Zhixin Group - Momo.

On November 24, 2021, INMO completed a Pre-A round of financing of tens of millions of yuan, led by Matrix Partners China, with Nineplus Ventures, Junsheng Capital, and existing shareholders following the investment.

On February 6, 2021, INMO completed an angel round of financing of tens of millions of yuan, led by Eagle Fund, with Rongpu Capital and 37 Interactive Entertainment following the investment.

Summary by 52audio.com

The success of this Series B financing will provide strong financial support for INMO's R&D investment, market expansion, and talent introduction. With the rapid development of new technologies such as 5G and artificial intelligence, AR technology is ushering in unprecedented development opportunities. With its deep accumulation and innovation ability in the AR field, INMO is expected to occupy a more favorable position in the future market competition and create greater value for society.

Warm reminder: The above information is for reference only and is not a recommendation for entering the market; investment is risky, and entering the market requires caution.