In a groundbreaking move, XPANCEO, a cutting-edge deep tech startup headquartered in Dubai, has successfully raised a staggering $40 million in seed funding. Leading this transformative funding round is Opportunity Ventures (Asia), based in Hong Kong. What sets XPANCEO apart is its ambitious mission to usher in the world's very first ultra-thin contact lenses endowed with Augmented Reality (AR) vision capabilities.
The infusion of this fresh investment breathes life into the development of contact lenses that are poised to redefine how we interact with the digital world. These pioneering lenses will integrate multiple features into one sleek device. XPANCEO has already created three working prototypes, each harnessing the power of AR for distinct purposes: night vision, enhanced zoom capabilities, real-time health monitoring, and immersive AR content experiences.
In a field where many have tried and fallen short, XPANCEO stands out as a game-changer. Their lenses, now successfully tested in the lab, open up new dimensions of possibility, allowing users to unlock the magic of night vision, gain a sharper perspective with enhanced zoom, monitor their health in real time, and immerse themselves in video and graphic AR content.
The hallmark of XPANCEO's innovation is the development of the world's first ultra-thin lenses. Remarkably, these lenses feel as natural to the wearer as their own vision. Crafted from advanced optical materials boasting record-breaking refractive indices and anisotropy, they maintain stellar optical properties. The result is a device that democratizes the full potential of AR technology, making it accessible and user-friendly.
XPANCEO is more than a mere startup; it's a convergence of over 20 patented technologies spanning Advanced Optics and Photonics, Novel materials, Artificial Intelligence, and Neural Interfacing. These technologies blend seamlessly to create ultra-compact and highly efficient optoelectronic devices embedded within smart contact lenses. This groundbreaking leap paves the way for a gradual shift from traditional silicon technologies toward the graphene valley of the future.
XPANCEO's visionary journey is spearheaded by Valentyn S. Volkov, a distinguished Ukrainian scientist with over 7,000 citations in esteemed international media. Together with Roman Axelrod, an experienced entrepreneur with three previous exits, they've brought this game-changing innovation to life.
This multidisciplinary venture boasts a stellar team of over 50 exceptional scientists, engineers, and executive leaders drawn from top universities, research institutions, and deep tech companies worldwide. Their collaboration extends to universities across the globe, a testament to their dedication to creating the world's first all-in-one AR contact lens prototype by 2026.
A pivotal piece of XPANCEO's technology puzzle is their flexible and transparent electronics, founded on highly conductive quasi-2D metallic films with thicknesses measured in nanometers. Artificial Intelligence is harnessed to build predictive models for these materials, ensuring that optical characteristics align with precision. Neural Interfacing adds a human touch, granting users full control over applications without the need for awkward eye movements, blinks, or additional controllers.
Co-founder and Scientific Partner, Valentyn S. Volkov, Ph.D., envisions the impact this innovation will have: "Our device will effectively merge all your gadgets into one. XPANCEO was recognized as one of the top five optic laboratories in the world by international consulting firm BCG, and has practical experience in developing and studying unique materials (like graphene and other 2D materials), opening a way for the realization of next-generation ultra-compact optoelectronic devices."
Opportunity Venture's (Asia) Managing Director, Philip Ma, expresses unwavering confidence in XPANCEO's potential to redefine the next era of personal technology. He asserts, "XPANCEO has not merely an ambition but also a capacity to deliver on its product vision." This substantial funding injects the necessary resources to drive R&D and product design forward, bringing that vision to life. In the post-smartphone era, Opportunity Venture (Asia) sees XPANCEO as a major player defining the next generation of computing.