This design group raised $58 million for augmented reality smartglasses
  • Moelis & Company acted as financial advisor to ODG, which was founded by Osterhout in 1999.
  • The company previously announced that it also had a strategic partnership with 21st Century Fox fox , which had invested earlier and participated in this round as well.
  • The Osterhout Design Group has raised $58 million to develop new generations of mobile augmented reality and virtual reality smartglasses.
  • I last saw a demo of the company’s AR glasses a year ago , when it demonstrated widescreen capabilities at CES 2016.
  • The first round of funding for the San Francisco pioneer of AR technology comes from O-film Tech Co., Vanfund Urban Investment & Development, and several individual investors.

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