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zSpace Announces Strategic Investment of $3 Million from Planet One Education, a Global Technology Leader Delivering High-Impact Education Solutions
Globenewswire· 2026-01-29 21:05
Core Insights - zSpace, Inc. has received a strategic investment of $3 million from Planet One Education to enhance its AR/VR solutions for education [2][4] - The investment includes 1.5 million convertible preferred shares at $2.00 per share and 1 million warrants with an exercise price of $3.00 per share [2] - zSpace plans to utilize the funds to strengthen its balance sheet, support working capital, and accelerate international expansion [2][4] Company Overview - zSpace, Inc. specializes in augmented and virtual reality solutions aimed at improving STEM, CTE, and career readiness programs [5] - The company is trusted by over 3,500 educational institutions and holds more than 80 patents [5] - zSpace's technology has been validated through research published in the Journal of Computer Assisted Learning, demonstrating its positive impact on student knowledge gains [5] Strategic Collaboration - zSpace and Planet One are exploring a strategic collaboration to expand STEM and vocational training initiatives globally [3] - The partnership aims to leverage zSpace's AR/VR ecosystem and Planet One's experience in executing large-scale education projects [3][4] - This collaboration is expected to address the growing demand for digital education solutions [3][4] Market Positioning - The investment positions zSpace to capitalize on the rapid digital transformation in global education sectors [4] - zSpace's technology is aimed at providing cost-effective and scalable vocational and STEM training solutions worldwide [4] - Planet One's Chairman expressed confidence in zSpace's platform to transform student outcomes and bridge the digital divide in developing economies [5]