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

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Meta and Snap rolled out new smart glasses last month, the latest sign that the industry is racing to put a camera and an AI assistant onto users’ faces. As the fast-growing market heats up, upstarts like Even Realities are muscling in on the giants.

Even Realities, a three-year-old Shenzhen-headquartered startup, has raised $150 million in a pre-Series B round led by Meituan and previous backer Tencent; the round valued the startup at $1 billion valuation. Founder and CEO Will Wang told TechCrunch that while rivals chase camera-equipped devices built around content capture and AI, his company is betting on display-first glasses that beam information straight into the wearer’s line of sight without giving up privacy.

Even’s earlier backers are mostly high-profile China names including Sequoia China.

Even was started by ex-Apple engineers in 2023. CEO Wang worked on the Apple Watch and iPhone; other co-founders came from tech, and two came from luxury eyewear companies, including Lindberg. The startup moved quickly, launching its first product, Even G1, in 2024 as what Wang calls the lightest waveguide smart glasses then on the market.

Even blew past its own 10,000-unit target to become the first company in the category to sell more than 10,000 pairs, according to the company CEO. It raised money faster than expected, and swelled from 30–40 staff in 2024 to 300–400 today.

The startup’s latest flagship, Even G2, hit the market last November and skips the camera entirely. Instead, a heads-up display built into the frames feeds information to the wearer, controlled by a companion ring, the Even R1, that users tap and swipe to navigate.

Removing the camera is an important part of Even’s privacy philosophy, though not the entire story, Wang continued. Smart glasses, he said, are probably the most personal computing device people will ever wear. Worn on the face all day, they have to feel comfortable to both the wearer and those around them, so privacy is designed into both the hardware and the software. Voice features like translation transcribe audio into text rather than storing recordings; user data is encrypted, and the infrastructure is built to meet Europe’s strict privacy standards, Wang added.

Even’s power users lean hard on Conversate, a copilot that reads a conversation in real time, explaining unfamiliar jargon or feeding follow-ups on the fly, then syncing a summary to their phone.

Still, Even has invested most heavily in optics (the display and overall optical performance), which Wang says is what separates smart glasses from other consumer electronics.

“With a phone or a watch, the display is just a conventional OLED or LCD screen. Smart glasses are the first product category to rely on optical displays, which require an entirely different technology stack; you have to design the microchip, the optics, and the waveguide together. That’s where we’ve invested the most,” Wang said.

The company developed a proprietary optical technology called Even HAO, or Holistic Adaptive Optics, an end-to-end design that integrates the microchip, waveguide and prescription support from the start, rather than combining components designed separately.  

More than half of Even’s users sit in the U.S. — its fastest-growing market — and so does the bulk of its developer community. The company doesn’t sell in China yet, even though it manufactures there across several factories; its main markets are the U.S., Japan, South Korea, the Middle East, and Europe. “The demand there is significant, so we want to make sure we’re prepared first,” Wang said.

Even sells near the top of the category on price and still moves real volume, making it a profitable player in the space, Wang said. “Most of our customers are male professionals between 30 and 50 years old. We ran a survey and found that about a third of our users are company executives,” he added. The frames retail for $599 before tax; prescription lenses or the ring tack on another $200–$300, pushing the average order to roughly $1,000.

This article has been updated with information on previous investors from the company. 

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Nwabali Appears Good Enough To Start For Super Eagles Against Russia On Tuesday

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Back-to-form Chippa United of South Africa goalkeeper, Stanley Nwabali appears good enough to start for Nigeria against Russia in Tuesday’s international friendly match between both nations.

Sports247 gathered that, although many Nigerian football fans slammed Nwabali for letting in three goals during last Tuesday’s 2027 Africa Cup of Nations qualifier defeat away to Guinea-Bissau, Eagles’ coach, Eric Chelle is keeping faith with him.

A strong hint in this direction emerged from reports citing Nwabali in training with the Eagles on arrival in Moscow ahead of Tuesday’s game, which comes exactly a week after the Nigerian team’s ignominious 3-0 loss to Guinea-Bissau, who now top their qualifying group with six points.

The friendly with Russia was initially meant to help Chelle test new players ahead of the resumption of AFCON 2027 qualifiers in November, but the report from the team’s camp in Moscow indicates that the Franco-Malian tactician will now count on some of his established regulars for Tuesday’s game.

Information provided by the communications department of Nigeria Football Federation (NFF) revealed that Nwabali was one of prominent Eagles’ players who were involved in the team’s first training session ahead of Tuesday’s game.

The report disclosed, “The Super Eagles have had their first training session in Nizhny Novgorod, as they prepare for Tuesday’s international friendly match against Russia’s senior men national team.

“The group of 17 players that trained on Saturday included 101-cap Moses Simon, goalkeeper Stanley Nwabali, defenders Benjamin Fredricks and Emmanuel Fernandez, as well as forwards Kelechi Iheanacho and Akor Adams.

“The team will have two more training sessions on Sunday and Monday before the encounter (which is scheduled to take place) at the Nizhny Novgorod Stadium on Tuesday evening.

“On 6 June last year, Russia and Nigeria played to a 1-1 draw at Moscow’s Luzhniki Stadium, with the Russians going in front through an own goal by defender Semi Ajayi, before Tolu Arokodare levelled for the Super Eagles.”

Sports247 gathered further that, while Nwabali appears set to start the game on Tuesday, he will likely bow at half time and give way to Charlton Athletic of England’s new signing, Arthur Okonkwo, who is the preferred first choice of many Nigerian football fans.

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2027: Don’t weaponize religion, ethnicity, regional sentiments – CAN charges politicians 

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Ahead of the 2027 general elections, the Christian Association of Nigeria, CAN, has called on political actors to place Nigeria above their personal interest.

CAN made the call when its President, Archbishop Daniel Okoh addressed the press as part of the activities to mark its 50th anniversary.

“We expect political campaigns to be issue-based and focused on competing ideas about how to improve the lives of Nigerians.

Political parties and candidates must resist the temptation to weaponize religion, ethnicity and regional sentiments,” Archbishop Okoh said.

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The apex Christian body noted that Nigerians have witnessed enough bloodshed and division during election periods, adding, “We do not want another generation of Nigerian youths sacrificed on the altar of political ambition.”

CAN called on political leaders to take responsibility for the conduct of their supporters and discourage incitement, hate speech, violence and intimidation.

“Every Nigerian must be free to vote according to his or her conscience, without coercion, intimidation or manipulation,” Okoh added.

CAN said it will continue to support credible democratic processes, civic education, peaceful elections and electoral integrity.

“Our message to politicians is clear: Elections should be a contest of ideas, not a contest of violence; a competition for public service, not a licence for personal destruction,” he stated.

Speaking further, CAN said it is deeply concerned about the economic hardship confronting ordinary Nigerians.

“The rising cost of living has placed enormous pressure on families. Young people are struggling to find meaningful employment. Small businesses are struggling to survive. Parents are finding it increasingly difficult to provide food, healthcare, education and housing for their families,” CAN noted.

“The Church sees these realities every day.

People come into our churches not only with spiritual needs but with hunger, unemployment, medical bills, school fees, housing challenges and uncertainty about the future.

“We, therefore, encourage government to continue pursuing policies that stimulate productive economic activity, create meaningful employment, support small and medium-sized enterprises and protect the most vulnerable members of society.

“Every economic policy must ultimately be judged by its impact on the people. Economic reform cannot become an abstract exercise divorced from the realities of ordinary families. 

“We must also learn as a nation to raise and place in public office leaders who understand that public office is a trust and not an opportunity for personal enrichment,” Okoh said.

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