When was RayNeo founded?

RayNeo was founded in 2021 and raised its 1st funding round 5 years after it was founded.

Where is RayNeo located?

RayNeo is headquartered in Shenzhen, China.

Is RayNeo a funded company?

RayNeo is a funded company, having raised a total of $***** in its 1st and only funding round, a Series C round on Jan 05, 2026.

When was the latest funding round of RayNeo?

RayNeo's latest funding was a $***** Series C round on Jan 05, 2026, with participation from 2 investors.

Where does RayNeo rank among its competitors?

RayNeo ranks 29th amongst 287 active competitors, of which 73 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was XREAL, which secured $100M in Jan, 2026.

Who are the top competitors of RayNeo?

RayNeo's top competitors include XREAL, RealWear and Magic Leap. Among them, XREAL secured the most recent funding round in January, 2026.

RayNeo - 2026 Company Profile, Funding & Competitors

RayNeo is a series C company based in Shenzhen (China), founded in 2021. It operates as a Developer of AR glasses. RayNeo has raised $143M in funding. The company has 287 active competitors, including 73 funded and 14 that have exited. Its top competitors include companies like XREAL, RealWear and Magic Leap.

Key Metrics

Founded Year

2021

Location

Shenzhen, China

Stage

Series C

Total Funding

$143M in 1 round

Latest Funding Round

Series C, Jan 05, 2026, $*****

Investors

China Mobile & 1 more

Ranked

29^th among 287 active competitors

Similar Companies

Brilliant Labs & 117 more

View RayNeo's full profile

RayNeo has raised a total funding of $143M over 1 round. Its latest funding round was a Series C round on Jan 05, 2026 for $*****. 2 investors participated in its latest round. RayNeo has 2 institutional investors.

Here is the list of recent funding rounds of RayNeo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 05, 2026	9750091	Series C	1434298	1949274	4480998	9854310

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Top competitors of RayNeo include XREAL, RealWear and Magic Leap. Here is the list of Top 10 competitors of RayNeo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	XREAL 2017, Sunnyvale (United States), Series D	Developer of augmented reality hardware, software, and related accessories	$433M	Kuaishou Technology, Sequoia Capital & 16 others	73/100
2nd	RealWear 2016, Vancouver (United States), Series C	Manufacturer of AI-voice-powered smart glasses for frontline industrial workforces	$128M	Columbia Ventures Corporation, Teradyne & 12 others	70/100
3rd	Magic Leap 2011, Plantation (United States), Acquired	Provider of a head-mounted virtual retinal display to view augmented reality	$3.48B	Public Investment Fund, Ntt DoCoMo & 43 others	70/100
4th	Lucyd 2017, Miami (United States), Public	Internet-first brand offering smart glasses and eyewear	$649K	Tekcapital, Ray Family	66/100
5th	Vuzix 1997, Rochester (United States), Public	Provider of smart glasses for remote support and teleconferencing	-	Advantas Capital Ventures, Intel & 2 others	65/100
6th	Brilliant Labs 2019, Singapore (Singapore), Seed	AR-based open-source ecosystem for developers and hackers	$6M	Moveon, Plug and Play Tech Center & 10 others	62/100
7th	Dispelix 2015, Espoo (Finland), Acquired	Developer of waveguide displays for augmented reality devices and glasses	$54.6M	Lifeline Ventures, Voima Ventures & 8 others	60/100
8th	CREAL 2017, Ecublens (Switzerland), Series C	Developer of light field display technology for augmented reality applications	$32M	ZEISS, Venture Kick & 13 others	57/100
9th	Bright Field of Vision 2014, Chaoyang (China), Series D	Provider of AI-powered smart glasses for multiple purposes	$48.3M	CCB International, yizhuangscienceandtechnology.vdtrxn ... & 7 others	57/100
10th	Avegant 2012, Belmont (United States), Series C	Develops hardware and software-based light field technology solutions	$81.7M	Intel, Liaison Interactive & 12 others	57/100
29th	RayNeo 2021, Shenzhen (China), Series C	Developer of AR glasses	$143M	China Mobile, Chinaunicom	46/100