Overview
- Even Realities disclosed Monday that it raised $150 million in a pre-Series B round led by Meituan and Tencent, valuing the company at $1 billion.
- Its flagship G2 glasses skip a camera and instead use a heads-up micro‑LED display and a companion R1 ring for control, reflecting the company’s privacy-first, display-first design.
- Even says it has sold more than 10,000 pairs and is profitable, with more than half of users in the U.S. and sales focused in the U.S., Japan, South Korea, the Middle East and Europe.
- The company developed a proprietary optics stack called Even HAO and offers an AI copilot named Conversate; it plans to use the new funding to build next-generation hardware, deepen AI on-device features, and scale global operations.
- The raise comes as the smart‑glasses market is expanding rapidly—IDC reported a 167% year‑over‑year jump to 2.25 million units shipped in Q1 2026—and Even’s camera-less, optics-focused pitch could push rivals and regulators to sharpen privacy and display performance standards.