Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
Smart glasses firm Even Realities reaches unicorn status after securing $150 million in funding led by Tencent and Meituan.
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The brief
Even Realities, a Chinese smart-glasses company founded by a former Apple engineer, has achieved a $1 billion valuation. The company raised $150 million in a pre-Series B funding round led by Meituan and Tencent.
Coverage from TechCrunch, CNBC, and others emphasizes the company's position as a rival to Meta. Reports from Tech Funding News highlight that the firm utilizes camera-free glasses, contrasting this approach with privacy issues associated with Meta.
Future developments may center on how the company's camera-free hardware performs against competitors in the smart-glasses market.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1h ago.
Quick answers
How much funding did Even Realities raise?
The company raised $150 million in a pre-Series B round.
Who led the funding round?
The funding was led by Meituan and Tencent.
What is the current valuation of Even Realities?
The company has reached a $1 billion valuation, achieving unicorn status.
Coverage (9)
- Even Realities raises $150M, hits $1B valuation with smart glasses qz.com · 7h ago
- Even Realities Hits $1B Valuation Betting Against the Camera in Smart Glasses Business Model Analyst · 7h ago
- Chinese Smart Glasses Startup Secures $150 Million Funding Round GuruFocus · 7h ago
- Smart Glasses Startup Even Realities Secures Unicorn Status with $150M Funding Round Road to VR · 7h ago
- Ex-Apple engineer's Even Realities hits unicorn status: Can camera-free glasses outlast Meta's privacy mess? Tech Funding News · 7h ago
- Even Realities Hits $1B Valuation with $150M Funding Daily Beirut · 7h ago
- Even Realities raised $150 million in pre-Series B led by Meituan and Tencent, reaches $1B valuation Межа. Новини України. · 7h ago
- Apple veteran's Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta CNBC · 7h ago
- Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent TechCrunch · 7h ago
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