Intel acquires VC-backed smart eyewear maker Recon Instruments
Recon Instruments, a Canadian developer of smart eyewear technology for sports and activity-specific environments, has been bought by Intel Corp. The financial terms of the deal were not released, however, Techvibes reports the acquisition price to be "upwards of $175 million." CEO Dan Eisenhardt, who co-founded the company in 2008, said the acquisition will give Recon access to resources to continue growth "with a level of efficacy and speed that’s beyond the reach of a pioneer in a new market." Based in Vancouver, Recon was backed by Canadian and U.S. investors, including Intel Capital, Motorola Solutions Venture Capital, Kopin Corp and Vanedge Capital, which led its Series A financing in 2011.
17 June 2015•3 mins read
