Vuzix receives $24.8M cash injection from Intel for next-gen wearables

Intel has given Vuzix a $24.8 million investment, as the hardware manufacturer wants to help Vuzix possibly create fashion-based wearable glasses. Vuzix will use the Intel cash investment to accelerate fashion-based wearable display products directly to the consumer market, as Google Glass seemingly fell flat.

Intel missed the boat on smartphones and tablets, but is interested in making sure it has a major presence in the wearables market. The Silicon Valley company has already created a partnership with Opening Ceremony to create a wearable smart bracelet, catering to a higher-end market.

Meanwhile, Vuzix has had success in wearable development - and the enterprise market seems most appealing to manufacturers - but with Google Glass unable to appeal to most consumers, Vuzix has a unique opportunity to use Intel's investment to invade the market.