Key facts
- Even Realities raised $150 million in pre-Series B funding.
- The company achieved a $1 billion valuation.
- The funding round was led by Meituan and Tencent.
- Even Realities is developing privacy-focused smart glasses.
- The smart glasses prioritize display technology over cameras.
- Even Realities is a Shenzhen-based startup.
Even Realities, a startup based in Shenzhen, has successfully raised $150 million in pre-Series B funding, bringing its valuation to $1 billion. The funding round was spearheaded by prominent investors Meituan and Tencent. This capital infusion is earmarked to advance the development of Even Realities' innovative smart glasses. A key feature of these smart glasses is their focus on privacy, with the company prioritizing display technology and minimizing the reliance on cameras. This strategic direction underscores Even Realities' commitment to creating user-centric products that respect privacy concerns in the burgeoning augmented reality market.