ODG AR Glasses Company Raises $58 Million
Osterhout Design Group (ODG) based in San Francisco said it has raised $58 million in a Series A funding round that they will use to “accelerate its existing production capabilities” and “complete its new products” that will be displayed at CES in January 2017. With the money ODG plans to grow its developer base from its existing 80 Employees and hire worldwide, while increasing its portfolio.
In a prepared statement Ralph Osterhout, CEO of ODG said “For eight years, we’ve taken a very systematic approach to designing and refining our smart glasses for specific applications from the US government, industry and enterprise customers in a wide variety of markets, and that will not change,”. “We carefully picked investment partners who not only share ODG’s product vision and growth strategy, but also have the reputation and reach to expand ODG’s global presence and market recognition.”
ODG makes augmented glasses (AR) with see-through displays that look pretty stylish, like sunglasses. Having tried out the glasses myself they are in fact alright when it comes down to being comfortable and the displays are nice and bright. I had the fortune to try them out at an expo where third party companies where looking at the healthcare applications of them. The glasses also have big potential in domains such as manufacturing and construction, where engineers can use these types of glasses to access checklists or instructions without removing your hands from the work.
The advancements in AR and mixed reality glasses enables engineers to talk to remote experts who can guide them through specific works on site, be it Mars or the pump room of your local building.
We are looking forward to seeing how the development goes with ODG.