Smart glasses maker Even Realities hits $1B valuation after $150M round

Even Realities, a startup developing smart glasses, has announced that it has raised $150M in investment. The funding round was led by Chinese tech companies Meituan and Tencent.

As a result of the deal, the company's valuation reached $1B. Even Realities was founded by Apple alumni.

Camera-free glasses

What sets Even Realities' products apart is the absence of cameras in the design of its smart glasses. This distinguishes the company's work from many other devices in this category, where cameras are a standard feature.

The participation of Meituan and Tencent in the round underscores the interest of major Chinese tech corporations in the market for wearable devices and smart glasses as a promising direction.

Source: TechCrunch