technology
Even Realities Raises $150 Million at $1 Billion Valuation
Even Realities secured $150 million in a pre-Series B round led by Meituan and Tencent. The round values the Shenzhen startup at $1 billion. @techcrunch reported the details of the funding.
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Even Realities raised $150 million in a pre-Series B funding round led by Meituan and Tencent. The round valued the company at $1 billion, @techcrunch reported. The three-year-old startup, headquartered in Shenzhen, was founded in 2023 by former Apple engineers.
CEO Will Wang previously worked on the Apple Watch and iPhone. Even Realities launched its first product, the G1 smart glasses, in 2024 and sold more than 10,000 pairs, exceeding its initial target. The company released its flagship G2 model in November 2025.
The G2 features a heads-up display controlled by the companion Even R1 ring and does not include a camera. Frames retail for $599 before tax, with prescription lenses or the ring adding $200 to $300, for an average order value of roughly $1,000. Even Realities grew from 30 to 40 employees in 2024 to 300 to 400 employees.
Its fastest-growing market. , Japan, South Korea, the Middle East, and Europe.
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