Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
The round was led by Meituan and previous backer Tencent as the startup’s display-first, camera-free glasses gained traction in overseas markets.
- On Monday, Shenzhen-based startup Even Realities Technology raised $150 million in a pre-Series B funding round led by Meituan and Tencent, achieving a $1 billion valuation.
- Founded by former Apple engineer Will Wang, the startup differentiates its flagship G2 smart glasses by excluding cameras to prioritize user privacy, positioning the product as an alternative to Meta Platform's camera-equipped models.
- More than half of Even Realities' user base is located in the United States, the company said, and the startup has sold more than 10,000 units with average orders reaching roughly $1,000 including prescription lenses and the companion ring.
- Even Realities will use the fresh capital to develop its next-generation smart glasses platform, deepen AI integration, and scale global operations to accelerate product innovation.
- Global shipments of smart glasses are expected to double to 50 million units by 2030, positioning Even Realities to capture growth among professional users preferring display-first, camera-free wearable computing.
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Apple veteran’s AI smart glasses startup Even Realities hits $1B valuation in $150M funding round - Tech Startups
The race to replace smartphones with AI-powered wearables is attracting fresh investment. Even Realities, a smart glasses startup founded by former Apple engineer Will Wang, has raised $150 million in a pre-Series B funding round, lifting the company’s valuation to […] The post Apple veteran’s AI smart glasses startup Even Realities hits $1B valuation in $150M funding round first appeared on Tech Startups.
Even Realities Hits $1B Valuation with Privacy-First Smart Glasses for Enterprise
The smart glasses market is quickly becoming one of the most competitive segments in AI hardware, but not every company is pursuing the same vision. Shenzhen-based startup Even Realities has raised $150 million in a pre-Series B funding round led by Meituan, with participation from existing investor Tencent, giving the company a $1 billion valuation. Founded in 2023 by former Apple engineers, Even is positioning itself as an alternative to camer…
Smart glasses maker Even Realities raises $150M
Even Realities, a Shenzhen-based smart glasses startup founded by former Apple engineers, reportedly raised $150 million in a pre-Series B round led by Meituan and returning backer Tencent. TechCrunch reported the round valued the three-year-old startup at $1 billion, positioning it as a rising challenger in the fast-growing smart glasses sector. The company will apparently use the funds to develop its next-generation smart glasses platform, dee…
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