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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