Credit By: Tech Magazine
Dubai-based start-up Xpanceo has revealed prototypes of its bright contact lens, designed to emulate technology seen in the Iron Man movies. The company, which secured $40 million in seed funding in October, aims to release the device by 2027 after human trials scheduled within two years.
Extended Reality Experience:
Spencer showcased three prototypes offering an “infinite” extended reality view. The lens, powered by artificial intelligence and machine learning, will display tasks such as documents, meetings, social media, and gaming directly into the user’s field of view, visible only to the wearer.
Advanced Control Mechanisms:
The intelligent contact lens boasts features like night vision and supports control through voice commands, gestures, glances, and, potentially, mind control in the future. The company is also developing a charging case for the lens similar to wireless earbuds.
Xpanceo’s ultimate goal is to consolidate various consumer devices into a hyper-miniaturized gadget. The company envisions replacing laptops, smartphones, and smartwatches with an all-in-one device, drawing parallels to a futuristic computer ecosystem reminiscent of Tony Stark’s in Marvel comics.
While the pricing for Xpanceo’s bright contact lens is yet to be determined, the company aims to keep it comparable to an expensive smartphone. The objective is to provide advanced technology at an affordable cost, aligning with broader accessibility goals.
Challenges in the AR Sector:
Xpanceo enters the augmented reality (AR) sector, which has seen notable developments like Meta Platforms’ AR headsets. However, challenges persist in achieving widespread consumer adoption, as demonstrated by past setbacks such as Google’s discontinuation of Project Iris AR glasses.
Strategic Development Approach:
Xpanceo plans to avoid the pitfalls experienced by other competent contact lens developers. The company emphasizes building a lab, hiring top talent, expanding product management, developing prototypes, and securing patents to ensure a robust and thriving development process.
Subscription Plans for Sustainability:
In the long term, Xpanceo intends to introduce subscription plans for its bright contact lens, aligning with replacement cycles to prevent eye conditions. The company plans to provide replacement lenses and cleaning solutions to users based on their lens lifespan, whether weekly, fortnightly, or monthly.
While Xpanceo currently has sufficient funds, founder Roman Axelrod suggests a potential revisit to fundraising in two or three years, indicating a willingness to explore additional investment options based on investor interest and market conditions.
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