zSpace, a company specializing in AR/VR technology for education, has filed with the SEC to raise up to $30 million in an initial public offering. Founded in 2006 and based in San Jose, CA, zSpace offers an innovative hardware and software platform that allows users to experience interactive, stereoscopic 3D learning without the need for VR goggles or special glasses.
zSpace’s unique platform has been well-received by K-12 and Career & Technical Education (CTE) markets in the US. Its K-12 platform is currently used in over 80% of the largest 100 K-12 public school districts based on student enrollment, while its CTE solutions have been deployed in approximately 73% of the public school districts it serves.
In the 12 months ending March 31, 2024, zSpace generated $44 million in revenue. The company plans to list on the Nasdaq under the symbol ZSPC, with Roth Capital and Craig-Hallum Capital Group serving as joint bookrunners for the offering. Pricing terms for the IPO have not yet been disclosed.
