Even Realities Raises $150 Million at $1 Billion Valuation From Meituan, Tencent

3 articles · Updated · Techloy · Jul 10

$150 million in Pre-Series B funding will help Shenzhen-based Even Realities expand its privacy-focused smart glasses platform.
Meituan and Tencent led the round, valuing the wearable technology startup at $1 billion.
Even Realities topped Asia's startup funding announcements this week as regional startups raised $373.5 million across smart hardware, robotics, AI healthcare, education and electric mobility.
China produced the biggest deals, reflecting continued investor appetite for AI-enabled products and the infrastructure behind future industries.

Sources

With billions funding AI infrastructure, are we building a durable future or just the next tech bubble?

Beyond algorithms, what is the secret behind China's sudden dominance in AI-powered drug discovery?

As Asian nations use AI to solve labor shortages, who will be left behind in this new economy?