Even Realities (website: evenrealities.com), a hardware technology company headquartered in Shenzhen, Guangdong, China, recently announced the completion of a $150 million Pre-Series B funding round. This round was led by Meituan Dragon Ball and Meituan Strategic Investment, with existing shareholders including Tencent participating and a number of leading industry capital and VC institutions continuing to invest, helping the company deepen its presence in the smart hardware sector.
As a rising star in the domestic smart glasses R&D industry, Even Realities leverages its core technical team to focus on the development of consumer-grade smart hardware products. With its lightweight and highly adaptable product portfolio, it has rapidly captured market share and gained high recognition from the capital market. According to publicly available investment and financing information, including this $150 million Pre-Series B funding, the company’s total funding since its inception has reached hundreds of millions of dollars, with multiple rounds of financing continuously empowering product iteration, technology R&D, and market expansion.
Following this round of financing, Even Realities’ post-investment valuation has exceeded $1 billion, successfully entering the ranks of technology unicorn companies. Backed by top-tier investors such as Sequoia China, CDH Investments VGC, Aier Eye Hospital Group, and CMB International, the company’s industrial synergy advantages are becoming increasingly apparent.
The consumer smart hardware industry is currently experiencing rapid growth, with AR smart glasses emerging as a core growth area. This round of financing and valuation surge demonstrates the capital market’s high recognition of Even Realities’ technological strength, product competitiveness, and industry prospects. Moving forward, the company will continue to invest heavily in core technology innovation and develop a new smart hardware ecosystem in China.
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