China Smart Glasses Company Founded by Apple Alum Becomes Unicorn with Investment from Meituan and Tencent

Even Realities Technology, founded by Apple alum Will Wang, has grown into a unicorn company valued at $1 billion (approximately 1.4 trillion won) after raising $150 million in a pre-Series B round. Meituan and Tencent participated in this investment.

Will Wang is a veteran who was responsible for the development and mass production of the Apple Watch and iPhone at Apple from 2016 to 2018. He is now targeting the AI wearables market currently led by Meta Platforms.

Even Realities' key products and features are as follows:

• Even G2: Provides notifications, navigation, and real-time translation through a Heads-up Display (HUD) built into the lenses, without a camera or recording device, emphasizing user privacy.
• Even R1: A smart ring that controls the display of the G2 smart glasses.

According to IDC, the global smart glasses market surged 167% year-over-year in Q1 of this year, recording shipments of 2.25 million units. Meta currently leads the market with approximately 70% share, and Even Realities plans to use the secured funding to deepen AI integration and expand global operations.