Vuzix

company

About

Vuzix is a supplier of video eyewear products in the consumer, commercial, and entertainment markets.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$3M
Industries
Augmented Reality,Consumer Electronics,Eyewear,Mobile
Founded date
Jan 1, 1997
Number Of Employee
101 - 250
Operating Status
Active
Stock Symbol
fra:V7XN
Legal Name
Vuzix

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$161.15M
Vuzix has raised a total of $161.15M in funding over 2 rounds. Their latest funding was raised on Apr 1, 2021 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 1, 2021 Post-IPO Equity $97.75M Detail
Sep 4, 2020 Post-IPO Equity $15.50M Detail
Dec 20, 2017 Post-IPO Equity $12.50M Detail
Jul 14, 2016 Post-IPO Equity $6.60M Detail
Feb 6, 2015 IPO Detail

Investments

Number of Investments
Number of Lead Investments
3
0
Vuzix has made 3 investments. Their most recent investment was on Dec 7, 2022, when SilkChart raised $5.20M.
Date Company Name
Round Money Raised Industry Lead Investor
Dec 7, 2022 SilkChart
Seed $5.20M Digital Marketing
Mar 2, 2021 Ox
Seed $3.50M Enterprise Software
Series D $2.60M 3D Technology

Investors

Number of Lead Investors
Number of Investors
1
1
Vuzix is funded by 1 investors. Intel Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Intel Capital Yes Post-IPO Equity

Employee Profiles

Number of Employee Profiles
9
Vuzix has 9 current employee profiles, including Executive Pete Jameson
Executive
Executive
Executive
Executive
Executive

Exits

Vuzix has had 1 exits. Vuzix most notable exits include WakingApp Realities

Date Company Name Exit Type Industry
Dec 11, 2019 WakingApp Realities M&A 3D Technology Detail

Acquisition

Vuzix has acquired 1 organizations. Their most recent acquisition was Moviynt on Nov 1, 2022. They acquired Moviynt for 0.

Date Company Name
Industry Acquisition Type Price
Nov 1, 2022 Moviynt
Software acquisition Detail