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MAD Gaze

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Offering innovative and economical AR and MR glasses

Kwai Tsing District, Hong KongFounded 2018Fashion
Valuation $100–250M Last recorded · 2020
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for MAD Gaze and the history behind them.

About MAD Gaze

MAD Gaze, established in 2013 by founder Jordan Cheng, is a company operating in the augmented reality (AR) sector. Cheng's background in computer science and his interest in human-computer interaction, dating back to his university project on a smart-home control system using hand gestures, directly informed the company's direction. Initially, the venture struggled to gain traction, facing challenges with both market acceptance and hardware limitations which led to a pivot towards developing its own AR smart glasses.

The company develops and manufactures AR smart glasses for both consumer and enterprise markets. Its product line includes various models of binocular smart glasses that project a virtual screen in front of the user's eyes, allowing for hands-free operation and interaction with digital content. Key features of these devices include gesture control, voice recognition, and compatibility with a wide range of applications through its proprietary MAD Gaze OS, which is based on Android. The glasses are designed to be lightweight and function as an extension of a smartphone, enabling users to watch videos, play games, and manage notifications.

For the enterprise segment, MAD Gaze's technology is applied to verticals such as industrial manufacturing, healthcare, and logistics. Use cases include providing remote assistance where frontline workers can receive real-time guidance from experts, and facilitating hands-free access to instructions and data. The business model involves the direct sale of its hardware, with devices priced for different segments of the market. The company also generates revenue through its app store, the MAD Store, where developers can publish and monetize AR applications.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Kwai Tsing District, Hong Kong
Employees
6
Open positions
None listed
Dealroom signal
69.0/100
Industry
Fashion
Sub-industry
Luxury
Sector
Fashion, Immersive Technologies, Hard Tech
Technology
Augmented Reality, Virtual Reality
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Feb 2020 $19M $76M DNS Capital ↗
SERIES AEquity / VC Jan 2019 $11M $44M Undisclosed —
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

MAD Gaze website traffic

Latest recorded traffic for MAD Gaze is 80 monthly website visits, down 94.3% over the last three months. MAD Gaze's team grew 0% over the past year.

Latest monthly visits80 3-month web change-94.3% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • DNS Capital
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇭🇰 Hong Kong66.7%
🇨🇳 China33.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about MAD Gaze on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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