Osterhout Design Group has AR smartglasses to enhance work experiences.
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Osterhout Design Group raises $58 million for augmented reality smartglasses

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

The Osterhout Design Group has raised $58 million to develop new generations of mobile augmented reality and virtual reality smartglasses.

That’s a big round for the seasoned company, and it shows that the race is on to build smartglasses that can really deliver on the vision of AR. ODG is competing with other well-funded companies in the market, such as Magic Leap and Meta. The first round of funding for the San Francisco pioneer of AR technology comes from Shenzhen O-film Tech Co., Vanfund Urban Investment & Development, and several individual investors.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.