United Arab Emirates · Electrical/electronic manufacturing startup

XPANCEO

XPANCEO is a Dubai-based deep-tech company focused on developing the world's first smart contact lens, designed to serve as an invisible computing platform for the AI era.

Funding reportedLast round: Seed

Electrical/electronic manufacturingDubai, United Arab Emirates

About XPANCEO

XPANCEO is a Dubai-based deep-tech company focused on developing the world's first smart contact lens, designed to serve as an invisible computing platform for the AI era.

Founded in 2021 by Roman Axelrod and Dr. Valentyn S., the company operates an Emerging Technology Research Center in Dubai, employing over 100 scientists, engineers, and product experts. The core product is an AI-powered Extended Reality (XR) contact lens that integrates multiple functionalities, including all-in-one computing, night vision, zoom capabilities, real-time health monitoring, and advanced privacy measures. XPANCEO has showcased nine advanced prototypes and plans to demonstrate an integrated prototype publicly in early 2027. The company has secured significant funding, becoming a unicorn with a $250 million Series A round, and has been recognized as one of 2024’s hottest startups. Its technology targets various sectors, including healthcare, sports, navigation, and enterprise, aiming to replace personal devices with a seamless, AI-driven interface.

What company datasets say XPANCEO raised

Funding, as reported

Reported in all40Min the source's currency
Rounds1
Last roundSeed
Last round size250M
Last round dateOct 2023
Investors listed1
Valuation$1.4B, Mar 2026

The company, in detail

What they build

Known for

hardwarehealth careflexible technologyconsumersquantum optical materialsreal-time dataenvironmentally friendlyai-powered featuresmanufacturingwearable computingvision enhancementprivacy and securityweightless devicetopological phase singularitiesmarket disruptioncorporate research

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Sector
Electrical/electronic manufacturing
Industry code
NAICS 33911, 334510, 334111, SIC 3571, 3841
Region
Dubai
Revenue
35M a year, as listed
Full record
Every detail in the company directory

Electrical/electronic manufacturing in United Arab Emirates

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