Meta Puts $3.5 Billion Into Partner EssilorLuxottica, XPANCEO, Arago, Kartel Raise New Rounds
1. Meta invests $3.5 billion in EssilorLuxottica, impacting smart eyewear production. 2. EssilorLuxottica aims to scale production to 10 million XR glasses by 2026. 3. XPANCEO raises $250 million for AI-powered smart contact lenses, becoming a UAE unicorn. 4. Smart glasses market sees competition with significant investments and new product launches. 5. VITURE holds 52% market share in XR video glasses, highlighting industry's rapid growth.