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Fintech lights up Saudi Arabia s venture space

Fintech lights up Saudi Arabia s venture space
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

UAE-Based Deep Tech Startup XPANCEO Raises $40 Million Seed Round

UAE-Based Deep Tech Startup XPANCEO Raises $40 Million Seed Round
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XPANCEO raises $40 million Seed to launch AR contact lenses

Xpanceo, a deep tech startup, raises $40M to focus on smart contact lenses

Today a deep tech startup called Xpanceo is announcing $40 million in funding from a single investor, Opportunity Ventures in Hong Kong, to pursue its take on one of the possible answers to that question: computing devices in the form of smart contact lenses. "All current computers will be obsolete [because] they're not interchangeable," said CEO Roman Axelrod, who co-founded the startup with material scientist and physicist Valentyn S. Volkov. Its team of more 50 scientists and engineers has mainly, up to now, been working on different prototypes of lenses and all of the hard work that goes into that.

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