Intel invests nearly $25 million in Vuzix to push production of smart glasses

Intel invests nearly $25 million in Vuzix to push production of smart glasses
By Dan Thorp-Lancaster on 2 Jan 2015 07:50 pm

It looks like Intel may be ramping things up after announcing its vigorous foray into the world of connected devices just last month. Vuzix, a company that currently produces smart glasses for the enterprise and "prosumer" spaces, says that the Intel recently invested roughly $25 million in the company to push the launch of further connected eyewear in the consumer space.

According to a press release sent out by Vuzix:

Intel's investment will be used for general working capital to accelerate the introduction of Vuzix next generation fashion-based wearable display products into the consumer market

This marks the second time in the last month that we've seen Intel push into the connected eyewear space. Recently, the chip maker said that it had teamed up with Luxottica to launch smart eyewear products sometime in 2015. Previously, there were also rumors that Intel could be supplying the processor for the next iteration of Google Glass.

Source: Vuzix; via Reuters

Related: Vuzix Intel News

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Intel invests nearly $25 million in Vuzix to push production of smart glasses

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