zSpace, which provides an AR/VR hardware and software platform for education, filed on Monday with the SEC to raise up to $30 million in an initial public offering.
zSpace provides augmented reality (AR) and virtual reality (VR) educational technology solutions, with a current focus on the K-12 and Career & Technical Education (CTE) markets in the US. Its proprietary hardware and software platform delivers an interactive, stereoscopic 3D learning experience without the need to utilize VR goggles or specialty glasses. Today, its K-12 platform is currently deployed in over 80% of the largest 100 K-12 public school districts in the US, as measured by student enrollment, and its CTE solutions have been deployed in approximately 73% of the public school districts it serves.
The San Jose, CA-based company was founded in 2006 and booked $44 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol ZSPC. Roth Capital and Craig-Hallum Capital Group are the joint bookrunners on the deal. No pricing terms were disclosed.
