XPANCEO has raised $40M to focus on smart contact lenses

Smartphone sales have had their worst quarterly performance in over a decade, a fact that raises two big questions. Have the latest models finally bored the market with mere incremental improvements? And if they have, what will the next form factor (and function) be? 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.

The company wants to make tech more simple, and it believes the way to do that is to make it seamless and more connected to how we operate every day. “All current computers will be obsolete [because] they’re not interchangeable,” said Roman Axelrod, who co-founded the startup with material scientist and physicist Valentyn S. Volkov. “We are enslaved by gadgets.”

Read the whole text here Tech Crunch

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