Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent

Product / Tech
โดย TechCrunch·Read original
Summary · why it matters

Even Realities, a Shenzhen-based smart glasses startup, has raised $150 million in a pre-Series B round led by Meituan and Tencent, reaching a $1 billion valuation. The three-year-old company, founded by ex-Apple engineers, focuses on display-first glasses without cameras, prioritizing privacy and optical performance. Its latest G2 model uses a heads-up display controlled by a companion ring, and the startup has sold over 10,000 units, with more than half of its users in the U.S. The frames retail for $599, with average orders around $1,000, and the company is profitable while expanding in markets like Japan, South Korea, the Middle East, and Europe.

Impact on stocks 3

Digital Finance & Tokenization▲ · 1 stocks
Tencent Holdings Ltd
0700
▲ PositiveCapitalrelevance

Tencent co-led the $150M funding round in Even Realities, an investment that could yield returns.

Advanced Air Mobility (eVTOL)▲ · 1 stocks
Meituan
3690
▲ PositiveCapitalrelevance

Meituan led the $150M funding round in Even Realities, an investment that could yield returns.

Spatial Computing / AR/VR▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

Even RealitiesPrivate▲ Positive
Capitalrelevance

Even Realities raised $150M at a $1B valuation, a major financing milestone.

Related news

▲

Meta Connect 2026 Kicks Off September 23 at Menlo Park Campus

Meta Connect 2026 begins Wednesday, September 23 at 4:00 P.M. at Meta's campus in Menlo Park, California, headlining a week of investor events that also includes McDonald's Investor Day and a White House meeting between President Trump and China President Xi. The two-day livestreamed Meta showcase will include updates on the company's latest work in AI, AI-powered glasses, virtual and mixed reality, and related developer technologies, with major product announcements and a keynote from CEO Mark Zuckerberg anticipated. McDonald's holds its highly-anticipated Investor Day the same day, with investors watching how management plans to restore U.S. momentum while sustaining international growth and the durability of its new beverage platform, whose launches in the U.S., Canada, and Germany reportedly exceeded expectations. On Thursday, September 24, President Trump meets China President Xi at the White House, with Taiwan, AI, tariffs, and global conflicts expected on the agenda and more details possible on China's purchase of Boeing aircraft; Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, and Qualcomm CEO Cristiano Amon are expected at the evening state dinner. Also Thursday, a bond hearing is scheduled at 4:30 p.m. related to Paramount Skydance's planned $110B purchase of Warner Bros. Discovery. The week's earnings slate includes Autozone, Thor Industries, and KB Home on Tuesday; Cintas, Paychex, General Mills, and Cracker Barrel on Wednesday; and Darden Restaurants and Costco on Thursday.
1NBA.XETRAABNBAGNCANETAURAVGO+19
Spatial Computing / AR/VR ▲Aerospace & Aviation Artificial Intelligence
Seeking Alpha·12hRead more →
▲

Snap Launches SPECS Intelligence AI, Expands AR Glasses Trials

Snap introduced its SPECS Intelligence AI service alongside expanded real-world trials of its SPECS AR glasses in September 2026. The launch includes enterprise-focused deployments with partners such as Salesforce, Amazon Web Services and NVIDIA targeting industrial, retail and field use cases. Snap is highlighting a privacy-first architecture for SPECS Intelligence AI, limiting data usage for AI training and personalized advertising. The SPECS Intelligence AI rollout and broader AR glasses push are part of a wider shift in how Snap structures its consumer and enterprise ecosystem, extending its technology into real-world use cases across North America, Europe and other regions. The company's AR narrative hinges on whether an expanding AR ecosystem and new services can turn a social app reliant on ads into a broader computing platform with higher-margin revenue.
SNAP ▲
Spatial Computing / AR/VR ▲Artificial Intelligence
Simply Wall St·13hRead more →
▼

Meta Smart Glasses Face French Probe as Partnership Holds 76% of Global Market

French prosecutors have opened a harassment investigation involving unspecified smart glasses, turning up regulatory heat on Meta Platforms as its EssilorLuxottica partnership commands roughly 76% of the global smart-glasses category. Privacy regulator CNIL has received fewer than ten workplace complaints without naming individual brands, and the French investigation has not accused Meta's products of wrongdoing. Meta's exposure still matters because the companies sold about seven million units last year, putting Meta near the center of the debate. The bigger issue is where customers will actually be allowed to wear these devices, as workplace rules, recording indicators and privacy safeguards could increasingly determine the usable market for smart glasses as adoption spreads. Meta shares dropped to $677.30, a price that sits 20.72% below the $854.33 GF Value.
META ▼EL.PA
Spatial Computing / AR/VR ▼
GuruFocus·15hRead more →
© 2026 MarketDXNews