One of the largest electronics companies in the world is coming for smart glasses next. And they’re partnering up with a publicly traded company to do it.
What’s happening:
- Taiwanese technology giant Quanta Computers has invested $10M USD into Vuzix Corp (NASDAQ: VUZI) through a new financing round
The big idea:
- Vuzix has developed multiple different types of smart glasses that are purpose built to be used in healthcare, manufacturing and even warehousing
- Vuzix’s smart glasses leverage augmented reality and artificial intelligence technology to enable users to stream events in real time, process data and detect pre-identified patterns
Why it matters:
- Augmented reality and virtual reality smart glasses have seen significant investments from companies such as Google (NASDAQ: GOOG) and Meta (NASDAQ: META) which has led to a flurry of new startups being launched aiming to integrate next generation technology into eyewear
By the numbers:
- Quanta Computers has committed to investing a total of $20M USD into Vuzix through two separate financing rounds
Going deeper:
- Vuzix has multiple existing partnerships for developing new eyewear purpose built for specific applications, including with hospitals in Taiwan and even United States military defense companies
- Bringing artificial intelligence into glasses has been on the rise, with KITS Eyewear (TSX: KITS) previously launching a new line of glasses that can connect to the Internet and even ask questions to OpenAI’s ChatGPT
