Founded in 2007 in San Jose, California, zSpace is one of the world’s foremost Augmented Reality (AR) and Virtual Reality (VR) solutions providers in the education sector. Its award-winning full-service AR/VR solution is purpose-built for K-12 and vocational training education segments and serves over 1 million users worldwide including students in almost 2000 school districts across the USA, with a growing presence in China and Eastern Europe.
zSpace provides students with a state-of-the-art collaborative, experiential and interactive learning experience, particularly in STEM (Science, Technology, Engineering, Mathematics) subjects. The startup has secured over 50 patents to date and is also well positioned to leverage adjacent market opportunities such as home entertainment, home education and gaming due to its consistent improvement and adaptive R&D on its product offering.
GII’s investment in zSpace is based on the thesis that education is integral for global socio-economic development and represents a massive addressable market of $5 trillion. Furthermore, education in the 21st century necessitates state-of-the-art technology and this is where AR/VR driven solutions – the dominant advanced technology of our times – ensures a better fit and faster market adoption. Key tailwinds include increasing student population, growing affordability, rise in internet access and a variety of government education-focused initiatives.