Here's the pitch deck smart contact lens startup Xpanceo used to raise $250 million and become a unicorn

Xpanceo's cofounders Roman Axelrod and Valentyn Volkov.XPANCEOXpanceo says smart contact lenses will be the computing interface of the future.The Dubai-based startup has raised $250 million at a $1.35 billion valuation.Here's the pitch deck laying out its team, product road map, and more.Smart contact lens startup Xpanceo announced earlier this month that it has raised $250 million in Series A funding, valuing the company at $1.35 billion.In the coming years, the Dubai-based startup envisions contact lenses that could offer augmented reality, night vision, and zoom, health tracking through tear fluid, and other features."The initial idea was to merge all the screens you have into one limitless screen," and to arm wearers with "new abilities," said cofounder and managing partner Roman Axelrod, a 35-year-old serial entrepreneur. He said the company's unicorn status is a sign it's on the right path.Physicist Valentyn Volkov also cofounded Xpanceo.Hong Kong-based Opportunity Venture led the funding round, which also led Xpanceo's $40 million seed round in 2023. The funds will go to product development and expanding the company's team, which consists of about 100 employees.Xpanceo has built 15 prototype lenses, including ones that can charge wirelessly and measure interocular pressure, or eye fluid pressure. It aims to combine these capabilities into one lens by early 2027 and begin seeking FDA approval.After that, it plans to start on narrow business use cases, such as working with medical organizations on lenses that can measure interocular pressure. That's because launching a first-generation product to the consumer market can be "suicide," Axelrod said, nodding to Humane and Rabbit. Both AI wearables weathered negative reviews, and Humane's device was discontinued.Business customer projects could arrive as soon as 2028, and the lenses could be available to the public in the early 2030s, he said. In the future, lenses could be controlled by eye tracking, tongue movements, or voice control, the company said.Xpanceo isn't alone in attempting to solve the complexity of smart contact lenses. Google and Samsung began exploring the field roughly a decade ago.Here's a look at the pitch deck Xpanceo used to raise $250 million. One slide has been edited in order to share the deck publicly.XPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEOXPANCEORead the original article on Business Insider

Comments

Business News

Cop Who Tried To Run Over Protestor Faces First Amendment Lawsuit

Forbes

He dropped out of law school in Rome, moved to Hong Kong, and set up an Italian-inspired bar. Now, it's been crowned the best bar in Asia.

about 3 hours ago

Suspect dead after shooting at Blackstone and KPMG building, NYPD says

insider

I'm a personal trainer who helps people stick to workouts. Here's how to make an exercise routine that actually works for you.

about 7 hours ago

I tried Martha Stewart's one-pan pasta and had dinner on the table in 20 minutes

insider

Comments

Business News

Cop Who Tried To Run Over Protestor Faces First Amendment Lawsuit

The Phoenix Suns Enter 2025-2026 With Loads Of Roster Questions

Chicago Cubs Reward Top Exec Jed Hoyer With Contract Extension

Today’s NYT Mini Crossword Clues And Answers For Tuesday, July 29th

Today’s Wordle #1501 Hints And Answer For Tuesday, July 29th

VIVIZ Unveil North America Dates On World Tour: ‘The Show Has Become Richer’

Brits who left university in the last 27 years could be 'owed thousands'

He dropped out of law school in Rome, moved to Hong Kong, and set up an Italian-inspired bar. Now, it's been crowned the best bar in Asia.

Suspect dead after shooting at Blackstone and KPMG building, NYPD says

Skydance Deal Done, What Next For Paramount Global?

Gretchen Walsh Overcomes Illness To Win First Individual World Title

US companies up against 'nightmare' tariff wall

Surging meat and tea prices drive food price inflation up for sixth month

Reeves to visit Cornish tin mine due to be revived

Google launches AI Mode in the UK amid ‘major shift’ in online search

Mobile phone users warned to ‘stop before you tap’ amid malicious apps threat

Surging meat and tea prices drive food price inflation up for sixth month

Reeves to visit Cornish tin mine due to be revived

Google launches AI Mode in the UK amid ‘major shift’ in online search

Record high rents as tenants pay £400 more per month than five years ago – index

House prices ‘jump 6.1% annually in some parts of UK but fall by 5.0% in others’

Coney Island booms with new all-affordable housing tower near famed Parachute Jump

Aby Rosen’s Seaport office tower at 17 State St. bouncing back with new lease deals

Harvard in talks with Trump admin to pay up to $500M over campus antisemitism

House prices ‘jump 6.1% annually in some parts of UK but fall by 5.0% in others’

Mobile phone users warned to ‘stop before you tap’ amid malicious apps threat

Record high rents as tenants pay £400 more per month than five years ago – index

Stamp duty hike drags more than 80% of buyers into paying hated tax on homes

Private messages on Tea, the anonymous dating advice app, were exposed in a recent data breach

Living with my children's grandparents has taught me to stand my ground as a working mom

Can humor from Gwyneth save the Coldplay kiss cam company?

Empathy Is A Superpower: Sam Abrahart And The Mayfair Group

Sunderland Sign Granit Xhaka In $23 Million Deal From Leverkusen

World Aquatics Day 2: Summer McIntosh And Gretchen Walsh Win Big; Qin Haiyang Takes The 100 Breaststroke Gold

New Bill Proposes $600 Tariff Rebate Checks—Here’s What We Know

Waymo Plans To Widen Robotaxi Lead Over Tesla With 2026 Dallas Launch

Rosé Leaps Over Two Of Jung Kook’s Biggest Hits

UFC Vegas 108 Fight Card Set With Late Main Event Change

Trump Administration Says Federal Workers Can Challenge Religious Views For ‘Correctness’—Here’s What To Know

Monday, July 28. Russia’s War On Ukraine: News And Information From Ukraine

L.A. Chargers Do Right By Signing Star Left Tackle Rayshawn Slater

Could aluminium become the packaging 'champion'?

Study Undercuts Idea That Cash Payments to Poor Families Help Child Development

Trump’s Tariffs on Medicines From Europe Stand to Cost Drugmakers Billions

January wildfire damage could total $51.7 billion within city limits

Shopping for an electric vehicle? How long until that $7,500 tax credit expires?

Blockbusters boost cinema chain Everyman as revenues surge by more than a fifth

Euro tumbles and stocks slump after US 'humiliation': Trump forces 'lopsided' trade deal on Brussels

Starmer under fire over American tariffs on UK steel as industry still faces a 25% levy

Fresh blow to the City as money transfer group Wise votes to move listing to New York

Pork producer Cranswick sacks four workers in animal cruelty probe at one of its pig farms

Advertising slump rocks STV as 'deteriorating' economic conditions push back TV projects

GSK strikes £370m deal with Chinese rival Jiangsu Hengrui to develop up to a dozen new medicines

Reeves's tax hikes leave 50,000 firms on the brink as stagflation fears grip Britain

Tech test for defence giants: The nature of warfare is changing - firms must adapt, says ALEX BRUMMER

I'm a personal trainer who helps people stick to workouts. Here's how to make an exercise routine that actually works for you.

I tried Martha Stewart's one-pan pasta and had dinner on the table in 20 minutes

How to see Lady Gaga in Los Angeles: Where to find tickets for her Inglewood shows

Federal prosecutors are fighting Luigi Mangione's demand for death penalty details

Apple's iOS 26 text filters could cost political campaigns millions of dollars, top GOP group warns