San Francisco based Osterhout Design Group (ODG) announced that it raised $58 million from several investors, including Shenzhen O-film Tech and Vanfund Urban Investment & Development. This is ODG's round A investment, but it is not a new company - it has been active with enterprise AR solutions for eight years, and in 2014 it sold some of its IP to Microsoft for $150 million.
ODG R-7
Why does ODG need so much money? Because it is entering the consumer market with its upcoming codename-Horizon platform, which will be an AR/VR platform that is based on OLED microdisplays. The Horizon platform will support a wide FOV, 120 fps and support for 4K 3D content.
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Posted: Dec 09,2016 by Ron Mertens
