Electronic Eyeglasses Company PixelOptics raise fund
PixelOptics has just recently raised $45M for its electronic lenses. The Roanoke, Va.-based company has raised $35M in equity and $10M in debt funding from Safeguard Scientifics and others to develop new-concept electronic eyeglasses, which like iPhone and iPad, you need to charge the eyeglasses everyday. You can also turn on and off the eyeglasses if you do not use it. The company’s core product, called emPower, has dynamically focusing lenses, allowing the user to turn a reading functionality on when close-up vision is needed.
Pixel-optics’ emPower is supposed to replace the regular bifocals or progressive lenses for middle-aged people. Due to its high cost, some predict the prospect of this high-tech gadget is not that bright.