Even Realities
Privacy-first AI smart glasses with a waveguide display and no camera.
Consumer Hardware
📍 Shenzhen, China
Founded 2023
Current Valuation
$1.0B
as of 2026-Q3
UNICORN
Even Realities is a Shenzhen-based smart-glasses maker founded in 2023 by ex-Apple engineer Will Wang (Apple Watch, iPhone). Its lightweight waveguide glasses deliberately omit a camera, displaying messages, navigation, and live translation through a transparent in-lens display — a privacy-first alternative to Meta's Ray-Ban line. A $150M pre-Series B in July 2026, led by Meituan with existing backer Tencent, valued the company at $1B.
Company Profile
Last Round
Pre-Series B — $150M (Jul 2026) · Lead: Meituan / Tencent (co-led)
Fundraising Status
Pre-Series B · $150M · this month
private
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Pre-Series B | $150M | Jul 2026 | Meituan / Tencent (co-led) | — |
Founders & Key People
Will Wang
Investors
Meituan · Tencent
Products
- Even G1 (waveguide smart glasses)
- Even G2 (no-camera AI glasses — messages, navigation, live translation)
Competitors
Meta Ray-Ban · XREAL · Rokid · Brilliant Labs · Halliday
smart-glasseswearablesarprivacyconsumer-hardware
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q3. Refreshed quarterly.