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

Vuzix has received a $24.8 million investment from Intel, as the company pushes ahead with wearables.

Published Sun, Jan 4 2015 2:14 AM CST   |   Updated Tue, Jun 16 2020 4:29 PM CDT

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.

Vuzix receives $24.8M cash injection from Intel for next-gen wearables | TweakTown.com

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.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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