Q1 2026$251M raised3 deals9 new startups84 open roles

XPANCEO

Building the next computing platform through invisible smart contact lenses

Dubai-based deep tech unicorn developing AI-powered XR smart contact lenses with AR, health tracking, and night vision. Valued at $1.35B after a $250M Series A.

FROM THE EDITOR'S DESK

A smart contact lens company valued at $1.35B is either the most ambitious deep-tech play in the Gulf or one of the most audacious bets in global hardware. XPANCEO is attempting what Apple, Google, and Mojo Vision have all approached with varying degrees of failure or retreat.

The UAE location is strategically interesting: less regulatory friction than the FDA pathway, access to sovereign capital for long R&D timelines, and a government eager to host moonshot companies. If the technology works, this is a platform company. If not, the capital at risk is extraordinary. There is very little middle ground.

TEAM

Roman AxelrodManaging Partner
Dr. Valentyn S. VolkovScientific Partner

SNAPSHOT

Founded2021
Total Raised$290M
CategoryDeep Tech
StatusActive
Team Size51-100
LocationDubai, UAE

FUNDING HISTORY

Jul 2025
Series A$250M
Opportunity Venture

NEWS ABOUT XPANCEO

Technology12 days ago

XPANCEO Showcases Five Smart Contact Lens Prototypes at MWC 2026

Dubai unicorn XPANCEO demos five working smart contact lens prototypes at MWC, including AR displays and real-time glucose monitoring.

DXB Start·1 min read

OPEN ROLES

No open roles.