Even Realities raises $150M from Meituan and Tencent to hit $1B valuation

Shenzhen-based smart glasses startup Even Realities has raised $150 million in a pre-Series B funding round led by Meituan and Tencent, achieving a $1 billion valuation and securing unicorn status ^[1][2]. The company, founded in 2023 by former Apple engineers, plans to use the capital to develop its next-generation display-first smart glasses platform, deepen AI integration, and scale global operations ^[2][4]. This investment highlights the growing momentum in the AI wearable market, where privacy-focused, camera-free eyewear targeting male professionals aged 30–50 is gaining traction amid intense competition from tech giants ^[1][6]. Even Realities is now the latest eyewear startup to secure major funding this year, following Xreal Inc.'s $100 million raise in January ^[3].