# XPANCEO: Electrical/electronic manufacturing, Dubai, United Arab Emirates

> 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...

Source: https://millionrounds.com/startup/xpanceo (Millionrounds; every figure on the page links to its filing or article)

United Arab Emirates · [Electrical/electronic manufacturing startup](https://millionrounds.com/companies)

# 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.

Email

Funding reported Last round: Seed

Electrical/electronic manufacturing Dubai, United Arab Emirates

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Company summary

- **Founded:** 2021 5 years old
- **Team:** 72 51 to 200 people
- **Funding reported:** 40M as listed, currency not stated
- **Last round:** Seed Oct 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for XPANCEO has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **40M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **250M**

Last round date **Oct 2023**

Investors listed **1**

Valuation **$1.4B, Mar 2026**

## The company, in detail

What they build

Known for

hardware health care flexible technology consumers quantum optical materials real-time data environmentally friendly ai-powered features manufacturing wearable computing vision enhancement privacy and security weightless device topological phase singularities market disruption corporate research

Built with from their website

Google Tag Manager Amazon CloudFront PWA Linkedin Insight Tag Google Workspace Viewport Meta LinkedIn Ads Hubspot webpack Facebook SDK

+8 more

AI Google Meet React Microsoft Exchange Microsoft 365 Apps & Services Mobile Friendly Open Graph Amazon Route 53

- **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](https://millionrounds.com/directory/xpanceo)

## Electrical/electronic manufacturing in United Arab Emirates

Startups like it

- [**Ajax Systems** Dubai · founded 2011](https://millionrounds.com/startup/ajax-systems)
- [**HydroArtPod** Abu Dhabi · founded 2020](https://millionrounds.com/startup/hydroartpod)
- [**Arabhardware** Dubai · founded 2002](https://millionrounds.com/startup/arabhardware)
- [**AIRMOTE** Dubai · founded 2014](https://millionrounds.com/startup/airmote)
- [**Junkbot Robotics** Dubai · founded 2016](https://millionrounds.com/startup/junkbot-robotics)
- [**U-Light** Sharjah · founded 2017](https://millionrounds.com/startup/u-light)
- [**Vesta Real Estate Management** Abu Dhabi · founded 2014](https://millionrounds.com/startup/vesta-real-estate-management)

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