How much did Vuzix raise?

Vuzix raised $20 Million in a Series B round on September 5, 2024.

Who invested in Vuzix?

Quanta Computer Inc. is named as investors in this round.

Where is Vuzix based and how big is it?

Vuzix is based in West Henrietta, New York, United States. Fundz records about 76 employees.

Who are the decision-makers at Vuzix?

Fundz holds 2 contacts at Vuzix, including the Vice President of Global Channel Sales. Names and contact details are shown to Fundz members.

Vuzix Corporation secured a $20 million strategic investment from Quanta Computer to strengthen its partnership and support production of waveguides for AR smart glasses.

PUBLIC · VUZISep 05, 2024

Amount Raised

$20 Million

Round Type

Series B

West HenriettaManufacturingSoftwarecomputer hardware

Investors

Quanta Computer Inc.

Description

Vuzix Corporation announced a strategic investment from Quanta Computer Inc. amounting to $20 million, structured in three tranches. The investment is intended to support the development of augmented reality technology and enhance Vuzix's production capabilities.

Quick answer

Vuzix raised $20 Million in a Series B round, dated September 5, 2024. Investors: Quanta Computer Inc. Vuzix is based in West Henrietta, New York, United States.

How much did Vuzix raise?: Vuzix raised $20 Million in a Series B round on September 5, 2024.
Who invested in Vuzix?: Quanta Computer Inc. is named as investors in this round.
What does Vuzix do?: Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets.
Where is Vuzix based and how big is it?: Vuzix is based in West Henrietta, New York, United States. Fundz records about 76 employees.
Who are the decision-makers at Vuzix?: Fundz holds 2 contacts at Vuzix, including the Vice President of Global Channel Sales. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Vuzix

Location

25 Hendrix Road

West Henrietta, New York, United States

About

Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Moviynt, an SAP Certified ERP SaaS logistics solution provider, is a Vuzix wholly owned subsidiary. Vuzix holds 254 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.

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Related People

2 contacts

Verified contactsMichael H., Vice President of Global Channel Sales hiddenSee plans and pricing

Predictive Intelligence

Strategic

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Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

Growth expectations

Series B companies are expected to scale rapidly and expand market reach

Vuzix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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