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Intel Invests $24.8M in Smart Glasses Firm Vuzix
Jan 2015
ROCHESTER, N.Y., Jan. 9, 2015 — Intel Corp. has made a $24.8 million investment to accelerate Vuzix Corp.’s development of fashionable smart glasses.

The tech giant purchased 49,626 shares of Series A preferred stock, representing approximately 30 percent of Vuzix’s total outstanding stock.

Vuzix said its wearable display technology is based on next-generation optics and displays that will be able to fit fashionable glasses frames. The company already offers personal display and wearable computing devices for virtual and augmented reality.

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