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Vuzix Secures $5M Investment as Veteran Smart Glasses Maker Sets Sights on Consumers
- Vuzix, a veteran smart glasses maker, secures a $5 million investment from Quanta Computer.
- This investment is the second tranche following an initial $10 million investment made earlier.
- The funding will enhance Vuzix’s waveguide manufacturing capabilities for affordable and advanced AI smart glasses.
- Vuzix aims to deliver smart glasses for mass-market adoption with the investment from Quanta.
- The company also produces waveguides for both in-house use and licensing to various companies.
- Vuzix introduced the Z100 smart glasses, priced at $500, targeting consumers and enterprise customers.
- The Z100 glasses offer a monochrome green microLED waveguide to display notifications, fitness metrics, and maps.
- The investment coincides with rising market interest in smart glasses, with Google and Meta also entering the space.
- Google announced a partnership with eyewear companies to release fashionable smart glasses, whereas Meta is expanding its smart glasses offerings.
- Samsung and Apple are rumored to be working on their own smart glasses for potential release in the near future.
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