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Send Ox Fulfillment Solutions, previously known as Oculogx, announced this week a $3.5 million investment that it intends to use partnerships and to expand its operations as well as its in-house team.
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Vuzix Announces Strategic Investment in Supply Chain and Order Fulfillment Software Provider Ox Fulfillment Solutions
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ROCHESTER, N.Y., March 2, 2021 /PRNewswire/ Vuzix® Corporation (NASDAQ: VUZI), ( Vuzix or, the Company ), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Company has participated in a private seed investment round announced today by Ox Fulfillment Solutions (formerly Oculogx). The investment round in Ox was led by MaC Venture Capital and Cortado Ventures and included a minority investment from Vuzix. Ox intends to use the funding to invest in partnerships and help expand its operations to assist more large retail firms in supply chain optimization using machine learning.
Ox’s state-of-the-art platform integrates with a company’s current order management system and provides tools unique to each retailer to transform its brick-and-mortar stores into micro-distribution centers through optimized pick-from-store operations.