Vuzix
25 Hendrix Road Suite A, West Henrietta, NY, 14586, United States
Overview
Vuzix is a supplier of video eyewear products in the consumer, commercial and entertainment markets. The company’s products- personal display devices that offer users a portable high quality viewing experience- provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds over 48 patents and patents pending, as well as numerous IP licenses in the video eyewear field. The company has won 13 Consumer Electronics Show Innovations Awards and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (OTCBB:VUZI.QB), with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. Vuzix’s high-resolution Video Eyewear Family of consumer products solves the main challenge in viewing video and digital information via portable and mobile devices – the small screen. Vuzix iWear® and Wrap® Video Eyewear are worn like regular glasses and provide the effect of a big screen experience, ranging from 44” to 75”, as seen from 10 feet (~ 3m). They are ideal for use with media players, portable DVD players, gaming consoles, and mobile phones. The company is focused on making its video eyewear the standard mobile equipment for watching news, sports, music videos and movies, and for playing video games on the go. Vuzix is a leading name in Virtual Reality (VR), immersing users in computer-generated worlds. Vuzix VR eyewear enables users to view the world outside their flight simulation cockpit and look around like sitting in the real plane. Look down and to the left to see your landing approach and your view changes automatically. VR software and Vuzix VR eyewear are used in a variety of applications ranging from game and flight simulations to medical applications such as pain and phobia management. Vuzix Augmented Reality (AR) eyewear provides a first-person view of the real world, overlaid with computer-generated data and content. Both digital and optical see-through models provide 2D and 3D support of real world and computer content. Integrated camera systems capture AR markers and targets, enabling a host computer or mobile device to merge the real and virtual worlds. AR technology is catching on quickly in a vast array of applications from hands-free maintenance assistance, virtual engineering/product demonstrations, gaming, simulation, and more.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Augmented Reality
- Consumer Electronics
- Eyewear
- Mobile
Investment portfolio
- Ox
Participated · Series A · Apr 2023
Ox develops the patented Operator Experience (OX) platform and a wearable device that delivers AI-powered, human-centered automation for frontline workers. The platform provides real-time instructions, AI assistance, voice capabilities, and visual-based workflows to guide operators through tasks. Ox’s technology transforms tribal knowledge into standardized operational procedures and is used by multiple Fortune 500 companies. The company plans to use the new capital to accelerate customer expansion and to scale additional use cases. Ox also intends to further development of its patented wearable device that directs workflows via artificial intelligence. Founded in 2019 and led by CEO Charu Thomas, Ox positions itself as an enterprise software provider focused on increasing frontline efficiency.
- WakingApp Realities
Participated · Equity · Dec 2018
WakingApp provides an augmented reality (AR) toolset that enables professionals to rapidly and easily create AR experiences. Its ENTiTi AR Creator platform, ENTiTi 3.0, SDK and a mobile-optimized 3D engine with PBR support image and QR tracking and cross-platform SLAM leveraging Apple’s ARKit and Google’s ARCore for stand-alone apps or native app integration. The platform is used by thousands of designers and developers and is applied in training, advertising, healthcare and the automotive industry. WakingApp offers white-label solutions, immediate content updates without App Store resubmission, and native app integration options. The company will support Vuzix’s AR Smart Glasses and Vuzix will distribute limited-term ENTiTi licenses under a multi-year strategic partnership. Financially, WakingApp secured $2.6M in new funding led by Globis Capital Partners, in addition to $9.5M raised during its five-year history; CEO Matan Libis said the funds will be invested in sales and marketing to expand market reach. WakingApp offers an AR/VR platform (ENTiTi) that enables users, including those with no programming experience, to create advanced interactive augmented and virtual reality content featuring live data feeds, high-quality 3D imaging and animation, and games. The platform comprises ENTiTi Creator and ENTiTi Viewer for content creation and distribution. Content created on ENTiTi is accessible online on smartphones, tablets and leading smart glasses without additional devices. Founded in 2013 by Alon Melchner (president) and Udi Shani (CEO), the company is based in Tel Aviv, Israel. WakingApp raised $4.3M in a Series C round and plans to use the funds to expand its platform offerings and increase sales, marketing and business development in the United States and China.