Osterhout Design Group Status
The company raised $58 million of an authorized $100 million of Series A financing from lead investor Twenty-First Century Fox (NASDAQ: FOXA), on November 28, 2016, putting the pre-money valuation at $200 million. Shenzhen O-film Tech, Vanfund Urban Investment & Development and some individual investors also participated. The company plans to use the money to continue to develop and expand its line of smartglasses, which overlay computer functions onto the world around the user.
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