US-based smart glasses producer Osterhout Design Group (ODG) closed a $58m series A round yesterday backed by media company 21st Century Group and electronic components manufacturer Shenzhen O-Film Tech.

Vanfund Urban Investment & Development and assorted angel investors also supplied funds. 21st Century Fox was first reported as an investor in the round in January 2016.

ODG, founded in 1999 as a technology incubator, is working on wearable technologies as well as augmented and virtual reality headsets. The company…