Vuzix, a leading smart glasses and augmented reality (AR) manufacturer, has received a significant investment from Quanta Computer, a global Fortune 500 company, to further fuel its growth. This multi-million dollar investment, which comes in three tranches, signifies a deeper partnership and strengthens Vuzix’s balance sheet for production expansion and innovation. The investment reflects the growing smart glasses market, which is expected to reach $13.68 billion by 2031.
Results for: Quanta Computer
Vuzix Corporation (VUZI) shares surged on Tuesday after the company announced a three-tranche investment of $20 million from Quanta Computer. The investment will support Vuzix’s expansion of waveguide production and joint development of new augmented reality/artificial intelligence smart glasses technologies.