Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
Shenzhen-based startup Even Realities has reached a $1 billion valuation after raising $150 million in funding led by Meituan and Tencent. The company differentiates itself from competitors by focusing on display-first smart glasses that prioritize user privacy by omitting cameras.
Why it matters
This funding round highlights the growing investor interest in the smart glasses market and the shift toward privacy-focused wearable technology.
Meta and Snap rolled out new smart glasses last month, the latest sign that the industry is racing to put a camera and an AI assistant onto users’ faces. As the fast-growing market heats up, upstarts like Even Realities are muscling in on the giants.
The article provides a business-focused overview of a funding round without taking a stance on the technology.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in