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Vuzix, the veteran smart glasses maker, announced it’s secured a $5 million investment from Quanta Computer, the Taiwan-based ODM and major Apple assembler.

The latest investment was the second tranche following an initial $10 million investment made by Quanta in September 2024, which included the purchase of Vuzix common stock at $1.30 per share. At the time, Vuzix anticipated a total of $20 million from Quanta.

Paul Travers, President and CEO of Vuzix, notes the funding will be used to enhance Vuzix’s waveguide manufacturing capabilities, something he says will help Vuzix deliver “the world’s most affordable, lightweight, and performance-driven AI smart glasses for mass-market adoption.”

Additionally, Travers says the investment “marks another important milestone in strengthening our partnership with Quanta and expanding the capabilities of our cutting-edge waveguide production facility.”

Founded in 1997, Vuzix has largely serviced enterprise with its evolving slate of smart glasses, which have typically targeted a number of industrial roles, including healthcare, manufacturing, and warehousing.

The company also produces its own waveguides for both in-house use and licensing. In the past, Vuzix has worked to integrate its waveguide tech with Garmin, Avegant, an unnamed US Fortune 50 tech company, and an unnamed U.S. defense supplier.

While the company has made a few early consumer devices in the 2010s, including V920 video eyewear and STAR 1200 AR headset, in November 2024, Vuzix introduced the Z100 smart glasses, its first pair of sleek, AI‑assisted smart glasses, priced at $500.

Its Z100 smart glasses include a 640 × 480 monochrome green microLED waveguide, and were designed to pair with smartphones to display notifications, fitness metrics, maps, targeting everyday consumers and enterprise customers alike.

Notably, the investment also coincides with greater market interest in smart glasses on the whole. Google announced last month it’s partnering with eyewear companies Warby Parker and Gentle Monster to release a line of fashionable smart glasses running Android XR.

Meta also recently confirmed it’s expanding its partnership with Ray-Ban Meta-maker EssilorLuxottica to create Oakley-branded smart glasses, expected to launch on June 20th, 2025.

Meanwhile, rumors suggest that both Samsung and Apple are aiming to release their own smart glasses in the near future, with reports maintaining that Samsung could release a device this year, and Apple as soon as next year.