BUSINESS: Financial Smart Glass Maker, Osterhout, Closes $58 Million Funding Round By Staff Monday, December 5, 2016 12:23 AM SAN FRANCISCO—Osterhout Design Group (ODG), a top developer and manufacturer of mobile AR/VR smart glasses, closed a $58 million Series A funding round. Shenzhen O-film Tech Co., Ltd., Vanfund Urban Investment & Development Co. Ltd. and several individual investors participated in the round alongside principal outside investor and strategic partner 21st Century Fox, previously announced in January 2016. ODG said it will use the funds to accelerate its existing production capabilities, complete its new products, which will be introduced at CES ’17, expand its patent portfolio and significantly grow its team worldwide.Moelis & Company LLC acted as financial advisor to Osterhout in connection with the transaction.Osterhout Design Group (ODG) was founded in 1999 as a technology incubator. The San Francisco-based company develops wearable technologies and headworn computing for government, enterprise and ultimately, consumer markets. The company is privately held and as of October 2016 had over 80 employees.