Vuzix has received an additional $5 million from Quanta, enhancing total funding to $20 million to scale OEM waveguide production.
Amount Raised
$5 Million
Round Type
Funding Round
Investors
Description
Vuzix Corporation announced it has successfully completed milestones tied to its agreement with Quanta, receiving a total of $20 million in investment. This funding aims to strengthen Vuzix' balance sheet and expand its waveguide manufacturing operations. Quanta's confidence in Vuzix reflects the company's progress in AR technology. The investment marks a strategic milestone for Vuzix as it prepares for further OEM development.
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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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