The smart lens that could replace your phone: Inside XPANCEO’s $250 million vision for the future

In a groundbreaking leap for wearable technology, Dubai-based deep tech startup XPANCEO is pioneering the development of the world’s first invisible, AI-powered smart contact lens. This innovative device seamlessly integrates augmented reality (AR), biosensing, and human vision into a single interface, potentially revolutionizing how we interact with technology. Recently, XPANCEO secured a staggering $250 million in Series A funding, valuing the company at $1.35 billion — the largest such round in the UAE and Mena region and among the top three globally in AR/VR and wearables. Roman Axelrod, XPANCEO’s founder, envisions this technology as more than a mere advancement; it’s a paradigm shift in human-tech interaction. Unlike smartphones or wearables, which often disrupt our engagement with the world, smart contact lenses merge directly with our senses, offering a seamless and intuitive experience. Over the next decade, XPANCEO aims to transition these lenses from lab prototypes to practical tools, with initial applications in healthcare, advanced manufacturing, and mobility. The company’s minimalist approach sets it apart from tech giants like Apple and Meta, focusing on consolidating devices rather than adding to them. XPANCEO has already developed 20 working prototypes, featuring integrated microbatteries, biosensors, and AR displays. By 2026, the company plans to merge these components into a unified lens, paving the way for pre-clinical and human trials. With a strong emphasis on privacy, security, and ethics, XPANCEO is committed to ensuring its lenses meet the highest medical and regulatory standards. The company will showcase its vision at GITEX GLOBAL 2025 in Dubai, offering a glimpse into the future of personal technology.