Even Realities
Even Realities is a Shanghai-based smart-glasses and wearable technology company that builds camera-free, privacy-first G-series smart glasses and the R1 smart ring, using proprietary Even HAO™ micro-LED waveguide optics and an AI feature stack (Conversate, Translate, Teleprompt, Prep Notes, Terminal Mode) targeting business professionals, presenters, and accessibility users.
- Company typePrivate
- Founded2025
- HeadquartersKwun Tong, Hong Kong SAR China
- Headcount51–100
- GTM typeB2C
- OfferingHardware or Manufacturing
What Even Realities does
Even Realities is a Shanghai-based smart-glasses and wearable technology company founded by former Apple engineer Will Wang alongside COO Wang Li and CTO Jian Ouyang, backed by Tencent and Hongshan (formerly Sequoia Capital China). The company's product line centers on the Even G-series smart glasses — beginning with the first-generation G1 in 2024 and the second-generation G2 launched in November 2025 at a $599 price point — paired with the Even R1 smart ring companion at $249. The hardware is built around proprietary Even HAO™ holographic optics using micro-LED waveguide displays, a camera-free and speaker-free privacy-first design choice, and a TriSync Connectivity layer for paired-device workflows. The platform exposes an AI feature set including Conversate (real-time transcription), Translate across 35+ languages, Teleprompt, Prep Notes, and Terminal Mode, with agentic-AI capabilities signaled for the planned G3 generation.
Even Realities makes money primarily through direct-to-consumer hardware sales of the G-series glasses and R1 ring, supplemented by tiered prescription-lens upsells distributed through a global optician partner network (including named partners such as Ottica La Fege), enterprise and accessibility B2B pilots (USA Deaf Swimming Team, named enterprise customers), and a marketplace commission layer via the Even Hub developer platform and app store launched in March 2026, which already counts 2,000+ registered developers. The company also pursues brand-association distribution through non-traditional channels such as the IO Interactive and Amazon MGM Studios partnership around the 007 First Light game.
The company targets business professionals, public speakers and presenters, accessibility users (notably the deaf and hard-of-hearing community), developers, and travelers, with named individual adopters including Palmer Luckey (Anduril founder, shown at TED 2025), author Amy Tan, filmmaker Jason Rajasinghe, and BDA founder Duncan Clark. Even Realities has accumulated third-party validation through CES 2026 Best Gadget recognition, Tom's Guide AI Awards 2026, and coverage by WIRED and BBC Tech Life, operating in the AI-glasses category that grew 322% year-over-year to 8.7 million units industry-wide in 2025 per Omdia.
Even Realities firmographics
Firmographics- Name
- Even Realities
- Legal name
- Even Realities
- Website
- https://evenrealities.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Even Realities is a Shanghai-based smart-glasses and wearable technology company that builds camera-free, privacy-first G-series smart glasses and the R1 smart ring, using proprietary Even HAO™ micro-LED waveguide optics and an AI feature stack (Conversate, Translate, Teleprompt, Prep Notes, Terminal Mode) targeting business professionals, presenters, and accessibility users.
- Ownership category
- akta.pro rank
Even Realities industry classification
Industry- Product category
- Smart Glasses
- NAICS
- Optical Goods Retailers (45613), Ophthalmic Goods Manufacturing (339115)
- SIC
- Ophthalmic Goods (3851), Optical Instruments & Lenses (3827)
- akta.pro primary industry
- AR Smart Glasses (CRACAIAE)
- akta.pro secondary industries
- Wearable Computers (Industrial Smart Glasses/Wrist/Arm-Mount) (HDACALAH), Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment) (HLAHAJAD), Federated Learning & On-Device Personalization (HDAAAJAG)
Keywords
Where Even Realities is headquartered
LocationHeadquarters
- HQ city
- Kwun Tong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices2 records
Markets served
Even Realities business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Hardware Sales - Smart Glasses: Primary revenue from sale of Even G2 smart glasses ($599) and G1 predecessor. One-time hardware purchase with optional accessories.
- Smart Ring Accessory: Sale of R1 smart ring ($249) as companion controller and health tracker, sold separately or as bundle with glasses.
- App Store / Even Hub: Third-party app ecosystem generating revenue through developer apps on the Even Hub platform. Platform hosts ~50-60 apps across categories including transportation, media, wellness, gaming, and finance.
- Prescription Lenses: Custom prescription lens options in three high-index tiers (1.60, 1.67, 1.74) available at additional cost through optician partners or direct orders.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Even G2 Display Smart Glasses - Standard |
| One time/ perpetual license | Pay-as-you-go | Even R1 Smart Ring |
| Unit Pricing | Pay-as-you-go | Prescription Lenses - Essential Slim (1.60 High-Index) |
| Unit Pricing | Pay-as-you-go | Prescription Lenses - Enhanced Slim (1.67 High-Index) |
| Unit Pricing | Pay-as-you-go | Prescription Lenses - Superior Slim (1.74 High-Index) |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Even Realities product offering
Product offeringCore offering
Even Realities designs, manufactures, and sells privacy-first AI smart glasses — primarily the Even G2 ($599) and its predecessor Even G1 — featuring a camera-free and speaker-free micro-LED heads-up display that projects real-time transcription, 35+ language translation, voice-following teleprompting, and AI-powered meeting assistance into the wearer's field of view. The ecosystem is anchored by the Even R1 smart ring ($249) for gesture control and health tracking and the Even Hub developer platform hosting third-party apps, with prescription lens upgrades available as a separately priced add-on through optical partners.
Product overview
Even Realities offers a portfolio of privacy-first AI smart glasses centered on the Even G2 display eyewear and Even R1 companion smart ring. The G2 delivers a camera-free and speaker-free heads-up display experience, projecting AI-powered features including real-time transcription (Conversate), translation, teleprompter, and meeting notes directly into the wearer's field of view. The ecosystem is expandable through Even Hub, the company's open developer platform and app store, and can be controlled via the R1 smart ring which also provides health tracking. The product line evolved from the first-generation G1 and positions itself as 'Quiet Tech' for professionals seeking productivity without surveillance concerns.
Differentiator
Problem solved
Functional benefit
Brands
- Even Hub: Developer platform and app store for G2 smart glasses enabling third-party application development
- Even R1
- Conversate
Products and services
- Even G2 Display Smart Glasses Even G2 are camera-free and speaker-free AI smart glasses featuring a monochrome micro-LED/waveguide heads-up display for real-time transcription, 35+ language translation, AI-powered meeting notes (Conversate), voice-following teleprompter, and Prep Notes fact-checking. Designed for professionals, presenters, accessibility users, and developers; priced at $599 with 2-day battery life, titanium/magnesium aerospace-grade frame, and prescription lens compatibility.
- Even R1 Smart Ring Even R1 is a smart ring companion device for the G2 glasses providing gesture control, discreet navigation, and health tracking (steps, heart rate, sleep, SpO2). Priced at $249 standard, available at promotional launch pricing, and FSA/HSA eligible.
- Even G1 Smart Glasses Even G1 are first-generation camera-free AI smart glasses that established Even Realities' privacy-respecting display eyewear category. Precursor to G2 with core AI features including real-time transcription and translation.
- Even Hub Developer Platform and App Store Even Hub is the open developer platform and app store for G2 smart glasses, with an SDK available to 2,000+ developers. It distributes approximately 50+ third-party apps across transportation, media, wellness, gaming, and finance categories, with an associated Discord developer community.
- Prescription Lens Upgrades Custom prescription lenses for Even G2 smart glasses available in three tiers — Essential Slim (1.60 high-index, light to moderate prescriptions), Enhanced Slim (1.67, moderate to strong), and Superior Slim (1.74, strong prescriptions) — sold as add-ons through optical retail partners or direct orders.
Quantifiable outcome
- Translation accuracy reported as 99% by USA Deaf Swimming Team athletes in international competitions
- +3 more outcomes
Companies that use Even Realities
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
Even Realities technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature9 records
Even Realities partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- IO InteractiveflagshipPartnership to integrate Even G2 smart glasses into upcoming game 007 First Light as functional in-game gadget. Marked as first time a modern wearable will be featured in a Bond gaming experience. Post-launch update planned for later 2026.
- Amazon MGM StudiosflagshipPartnership with IO Interactive and Even Realities to integrate Even G2 smart glasses into 007 First Light game. Co-marketing of James Bond gaming experience featuring Even Realities technology.
- Even Hub DeveloperscoreOpen developer platform with SDK available to 2,000+ developers building third-party applications. Community of developers creating apps across transportation, media, wellness, gaming, and finance categories.
- Optician/Optical Retail PartnerscoreGlobal network of certified opticians and optical retailers for in-person fitting, prescription lens services, and retail distribution. Includes partners like Ottica La Fege (Italy).
- Ottica La FegeminorItalian optical retail partner featured in company blog coverage of heritage eyewear meeting future technology.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Even Realities competitors and assessment
Company assessmentDirect peers
- Meta (Ray-Ban Meta): Meta's Ray-Ban smart glasses are the closest direct competitor to Even G2 — consumer AI glasses with display, audio, and increasingly camera functionality. Even Realities explicitly positions as the privacy-first alternative to Meta Ray-Ban.
- XREAL: XREAL (formerly Nreal) makes consumer AR glasses with waveguide displays targeting productivity and media consumption. Direct competitor in the display smart glasses category with overlapping use cases for entertainment and developer workflows.
- Rokid: Chinese AR glasses company (Rokid Glasses, Rokid Air) with AI translation, transcription, and HUD features. Comparable product category, target use cases, and pricing tier to Even G2, particularly in Asian markets.
- RayNeo (TCL): TCL's consumer AR glasses brand making display-equipped smart glasses with translation, navigation, and AI features. Direct competitor in the AI glasses category with strong retail distribution through TCL channels.
- Snap (Spectacles): Snap's Spectacles are AR glasses with dual cameras and displays. Even Realities' CTO publicly critiqued Snap Specs weight (132-136g) as unsuitable for all-day wear, positioning Even G2's sub-40g target as a direct competitive contrast.
Emerging players
- Brilliant Labs: Open-source AI glasses startup (Frame, Halo) targeting developers and AI enthusiasts with similar HUD/AI transcription features. Comparable niche audience and platform approach to Even Hub, though smaller scale.
Broad incumbents
- Vuzix: Established enterprise AR glasses manufacturer with waveguide display technology. Comparable underlying optics technology but focused on industrial/enterprise verticals versus Even's consumer/prosumer focus.
- EssilorLuxottica: Global eyewear giant and Meta Ray-Ban's optical partner. Relevant comparable due to Even's optician retail strategy and prescription lens offerings — represents both a potential channel partner and competitive threat via Ray-Ban Meta.
- Google (Android XR / Project Astra): Google's Android XR platform partners with Samsung and others on smart glasses with Gemini AI. Represents the most significant competitive threat with deeper AI integration, larger ecosystem, and stronger enterprise relationships.
- Apple (Vision Pro): Apple's spatial computing platform and rumored smart glasses initiative. Even Realities' founder is a former Apple engineer, and the company competes for the same prosumer/professional productivity use case Apple targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Even Realities social profiles
Digital presenceEven Realities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Even Realities leadership team
Management profileNumber of profiles
Profiles4 records
Even Realities funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Even Realities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Even Realities
What does Even Realities do?
Even Realities designs, manufactures, and sells privacy-first AI smart glasses — primarily the Even G2 ($599) and its predecessor Even G1 — featuring a camera-free and speaker-free micro-LED heads-up display that projects real-time transcription, 35+ language translation, voice-following teleprompting, and AI-powered meeting assistance into the wearer's field of view. The ecosystem is anchored by the Even R1 smart ring ($249) for gesture control and health tracking and the Even Hub developer platform hosting third-party apps, with prescription lens upgrades available as a separately priced add-on through optical partners.
Is Even Realities a public or private company?
Even Realities is a private company. It is classified as venture growth investor backed and is currently operating.
When was Even Realities founded?
Even Realities was founded in 2025. It employs 51 to 100 people.
Where is Even Realities based?
Even Realities is headquartered in Kwun Tong, Hong Kong SAR China, in the Asia region.
How does Even Realities make money?
Four revenue lines are on record. Hardware Sales - Smart Glasses are the primary driver. The others are smart Ring Accessory, app Store / Even Hub and prescription Lenses.
Who are Even Realities's main competitors?
Direct peers on record are Meta (Ray-Ban Meta), XREAL, Rokid, RayNeo (TCL) and Snap (Spectacles). Brilliant Labs is listed as an emerging player. Broad incumbents are Vuzix, EssilorLuxottica, Google (Android XR / Project Astra) and Apple (Vision Pro).
Does Even Realities have an API?
No public API is recorded for Even Realities.
What industry is Even Realities in?
Even Realities's product category is Smart Glasses. Its primary akta.pro industry code is CRACAIAE, AR Smart Glasses, with a secondary code of HDACALAH, Wearable Computers (Industrial Smart Glasses/Wrist/Arm-Mount). Its NAICS code is 45613 and its SIC code is 3851.