亮亮视野 (LLVision) Raises RMB 300M Series C+ for AR Smart Glasses

LLVision Closes RMB 300 Million Series C+

亮亮视野 (LLVision), a Beijing-based augmented-reality company, has raised RMB 300 million in Series C+ funding. The round was announced on September 8, 2026.

Investors participating in the round include:

• Beijing Information Industry Development Investment Fund
• Beijing New Materials Industry Investment Fund
• Beijing Xianglong Asset Management

No single lead investor was disclosed for the round.

What LLVision Does

Founded in 2014, LLVision self-develops optical waveguide components, AR smart-glasses hardware, and AR+AI interaction software. The company focuses on enterprise and industrial applications rather than consumer markets.

Its vertical integration across components, hardware, and software distinguishes it from AR players that rely on third-party optics or assemble hardware around externally sourced displays. Optical waveguides are among the most technically demanding elements of AR glasses, and in-house development gives LLVision control over a critical part of the bill of materials.

Market Position

LLVision is recognized as a leading player in China's smart-glasses sector and reports stable commercial revenue. That combination — a leading position in the domestic market plus recurring commercial sales — is relatively uncommon in augmented reality, where many companies remain pre-revenue or dependent on limited pilot deployments.

Why the Round Matters

The Series C+ structure indicates an extension of the company's prior Series C financing rather than a new priced round at a different stage. The investor list is composed entirely of Beijing-based institutional and state-linked funds, which aligns with LLVision's position as a Beijing-headquartered hardware company serving enterprise and industrial customers.

For a capital-intensive business spanning optics manufacturing, hardware, and software, the new funding provides runway to scale production and continue development across all three layers of its stack.

Acquisition Context

LLVision offers a rare combination in the AR sector: proprietary optical waveguide technology, finished smart-glasses products, and an AR+AI software layer, all developed in-house. For acquirers looking at enterprise AR, that vertical integration reduces dependency on external suppliers and consolidates multiple points of value in a single asset.

The company's commercial traction in enterprise and industrial use cases — rather than speculative consumer applications — makes it a more predictable target for strategic buyers seeking near-term revenue alongside core AR technology.

Key facts at a glance:

• Company: 亮亮视野 (LLVision)
• Headquarters: Beijing
• Founded: 2014
• Round: Series C+
• Amount: RMB 300 million
• Announced: September 8, 2026
• Investors: Beijing Information Industry Development Investment Fund, Beijing New Materials Industry Investment Fund, Beijing Xianglong Asset Management
• Focus: Optical waveguide components, AR smart-glasses hardware, AR+AI interaction software
• Target market: Enterprise and industrial applications