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Xpanceo, A Deep Tech Startup, Raises $40M To Focus On Smart Contact Lenses

Oct 16, 2023•almost 2 years ago

Amount Raised

$40 Million

DubaiManufacturing

Description

Smartphone sales have had their worst quarterly performance in over a decade, and fact that raises two big questions. Have the latest models finally bored the market with mere incremental improvements? And if they have, what will the next form factor (and function) be? Today a deep tech startup called Xpanceo is announcing $40 million in funding from a single investor, Opportunity Ventures in Hong Kong, to pursue its take on one of the possible answers to that question: computing devices in the form of smart contact lenses.

Company Information

Company

Xpanceo

Location

Dubai, Dubai, United Arab Emirates

About

XPANCEO is a deep tech company developing the next generation of computing via an invisible and weightless smart contact lens that is as natural to the wearer as their own vision. Our lens reinvents the whole concept of human-technology interaction and redefines the way we experience both real and digital worlds including social media, content consumption, and gaming. Merging all your gadgets into one, the lens transforms the everyday into an infinite eXtended Reality experience, replete with advanced real-time health monitoring and comprehensive practical recommendations, superpowers like night vision and zoom, and cutting-edge privacy and security measures.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech