# Even Realities Raises $150 Million, Hits $1B Valuation for Smart Glasses

> Even Realities has raised $150 million and reached a $1 billion valuation for a deliberately contrarian take on smart glasses: no camera. The pre-Series B round was led by Chinese giant Meituan alongside returning investor Tencent, backing a team of ex-Apple engineers whose CEO worked on the Watch and iPhone. The design bet is the whole story. While most smart glasses race to add cameras and capture the world around the wearer, Even Realities beams information into the wearer's line of sight and leaves the camera out entirely, pitching privacy as the feature rather than an afterthought. In a category dogged by worries about being secretly recorded, glasses that cannot film anyone are a genuinely different proposition. The timing helps. IDC pegs smart glasses shipments at 2.25 million units in the first quarter of 2026, a 167% jump from a year earlier, so the market is expanding quickly. The funding is aimed at a next-generation platform, deeper AI integration, and global scaling for a device that competes as much on restraint as on features.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Monday, July 13, 2026_

## Wortins' read

Even Realities has raised $150 million and reached a $1 billion valuation for a deliberately contrarian take on smart glasses: no camera. The pre-Series B round was led by Chinese giant Meituan alongside returning investor Tencent, backing a team of ex-Apple engineers whose CEO worked on the Watch and iPhone. The design bet is the whole story. While most smart glasses race to add cameras and capture the world around the wearer, Even Realities beams information into the wearer's line of sight and leaves the camera out entirely, pitching privacy as the feature rather than an afterthought. In a category dogged by worries about being secretly recorded, glasses that cannot film anyone are a genuinely different proposition. The timing helps. IDC pegs smart glasses shipments at 2.25 million units in the first quarter of 2026, a 167% jump from a year earlier, so the market is expanding quickly. The funding is aimed at a next-generation platform, deeper AI integration, and global scaling for a device that competes as much on restraint as on features.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/07/06/smart-glasses-maker-even-realities-hits-1b-valuation-with-150m-funding-led-by-meituan-tencent/)

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