Even Realities raises $150 million led by Meituan and Tencent, reaches $1 billion valuation

Shenzhen-based smart glasses startup Even Realities announced a $150 million pre-Series B round on July 6, 2026, led by Meituan and returning investor Tencent, valuing the three-year-old company at $1 billion. The round brings Even Realities' total funding to roughly $159 million, following a $9 million Series A backed by CDH Investments, Cyanhill Capital and China Growth Capital. Founded by ex-Apple engineers including CEO Will Wang, Even Realities makes display-first, camera-less smart glasses; its second-generation Even G2, launched in November 2025 with a microLED heads-up display controlled by a companion ring, retails at $599.