XPANCEO, the UAE deeptech startup, has secured $250 million in a Series A round led by Opportunity Venture. The round is the largest Series A round in the MENA region.

More to Know:

• XPANCEO was founded in 2021 by Roman Axelrod and physicist Valentyn Volkov.
• It develops multifunctional smart contact lenses based on extended reality (XR) and AI technologies, aiming to replace all personal devices
• The company has developed 15 prototypes in two years, targeting a lens capable of health monitoring (e.g., glucose levels via tear fluid), night vision, and XR-based data interaction.
• The round closed at a $1.35 billion valuation.
• The funds will be used to accelerate product development and expand the team across R&D, design, and operations.
• XPANCEO had previously raised a $40M Seed round two years ago, also led by Opportunity Venture.

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