logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Vuzix has received an additional $5 million from Quanta, enhancing total funding to $20 million to scale OEM waveguide production.

Sep 22, 20253 months ago

Amount Raised

$5 Million

West Henriettacomputer hardwareManufacturingSoftware

Investors

Quanta Computer Inc.

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.

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.

Related People

3 contacts

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers