Osterhout Design Group (ODG) has raised$58 million to fund production of its new virtual andaugmented reality smartglasses.
In an announcement, Ralph Osterhout, CEO of ODG, said, “People are realizing the potential for mass adoption of high-end mobile devices with the power to transform and simplify their lives. This funding round, our first ever, ensures we are well positioned to introduce our latest designs at CES ‘17, which will likely form the largest category of smartglasses worldwide.”
Investors include21st Century Fox - also a strategic partner - as well asShenzhen O-film Tech Co., Vanfund Urban Investment & Development Co.
Image: Osterhout Design Group
Virtual and Augmented Reality Firm Osterhout Design Group Raises $58
Rachel Read
Rachel is co-founder and strategic director at blooloop. She has a degree in engineering from Cambridge University, is a Chartered Accountant and has certificates in Sustainability Leadership and Corporate Responsibility from London Business School, and Sustainable Marketing, Media and Creative from Cambridge University's Institute for Sustainability Leadership (CISL). Rachel oversees our news, events and sustainability.
