Even Realities, a Shenzhen-based smart glasses startup founded by former Apple engineers, raised $150 million in a pre-Series B round led by Meituan and Tencent, reaching a $1 billion valuation as of July 6, 2026. The company differentiates itself with camera-free, display-first glasses that use a companion ring for control rather than capturing video, prioritizing user privacy. Even’s flagship G2 model has sold more than 10,000 units, and the company has grown from roughly 30-40 employees in 2024 to 300-400 today.
