ZSpace

zSpace
Information
Type	Public company
Industry	Education technology, augmented and virtual reality
Founded	2006 (incorporated as Infinite Z, Inc.)
Headquarters	San Jose, California, United States
Notable Personnel	Paul Kellenberger (CEO)
Products	Inspire and Imagine AR/VR laptops, tracked stylus, STEM and CTE software
Website	https://zspace.com

zSpace (legally zSpace, Inc., formerly Infinite Z, Inc.) is an American company in San Jose, California, that makes laptop computers (and earlier made desktop displays and all-in-one systems) with stereoscopic 3D displays, head or eye tracking and a tracked stylus, so that 3D models appear to sit in front of the screen and can be picked up and turned by hand. It was incorporated in Delaware on 26 October 2006 under the name Infinite Z and took the zSpace name on 12 February 2013. At launch in 2011 the system was aimed at design, scientific research, medical, geospatial and government users; since 2014 the company has focused on K-12 classrooms and career and technical education (CTE).

zSpace describes its products as headset-free augmented reality and virtual reality: instead of a head-mounted display, the student looks at a laptop screen. Early models used passive polarized glasses fitted with tracking markers, while the Inspire laptops launched from 2022 onward are autostereoscopic and use eye tracking instead of glasses. The company listed on Nasdaq in December 2024. Trading there was suspended in April 2026 after the closing bid price stayed at or below 0.10 US dollars for ten consecutive trading days, and the company has said it will deregister its stock with the SEC; its shares are quoted over the counter under the symbol ZSPC.

Reviewed 6 October 2026. Checked incorporation, rename, CEO, SPAC, IPO, acquisitions, revenue, staff, Nasdaq delisting and deregistration dates against the 424B4, FY2025 10-K, Q2 2026 10-Q, Form 25 and company releases, and product and review details against the cited press and reviews. About review dates.

History

Infinite Z and the design market (2006-2013)

Paul Kellenberger has been the company's chief executive officer and a board member since December 2006. Before that he was CEO of Chancery Software, a student information system vendor that was sold to Pearson in May 2006. David Chavez was the company's chief technology officer in 2015; in an interview with UploadVR that January he described the system as a desktop setup in which "the user sits at a desk wearing lightweight, passive, polarized glasses" and uses a stylus as the main input device.

Infinite Z, then based in Mountain View, California, launched zSpace at Autodesk University in Las Vegas on 29 November 2011. The launch release described a proprietary stereoscopic display, trackable eyewear and a specialized interaction stylus, and said the company had filed more than 30 patents. GfxSpeak reported that the product came after five years of development, that it was expected to cost about 6,000 US dollars, and that the first drivers supported Autodesk Maya and Showcase. DEVELOP3D, which tried the 24-inch unit at Autodesk University, wrote about it in January 2012. Its reviewer liked the 3D effect but wrote that application support would "make or break" the device.

In-Q-Tel, the CIA's venture capital fund, backed the company. A 2012 NPR report on In-Q-Tel's portfolio described Infinite Z's displays as letting users "put on 3-D glasses and use a small laser pointer to manipulate holograms that seem to pop off of a computer monitor". In December 2012 New Atlas listed the display at 3,995 US dollars, with a 1,500 US dollar developer version.

Move into education (2014-2021)

From 2014 the company concentrated on schools. At ISTE 2015 in Philadelphia it announced an all-in-one desktop version of the system, developed with the contract manufacturer Foxconn. Until then, a zSpace station had been a monitor connected to a separate computer. The company sold "STEM labs" of 12 student stations plus a teacher station, and said more than 90 US school districts were using zSpace. According to AMD, the all-in-one used AMD FirePro W5170M graphics and the company's LiquidVR technology.

zSpace technology also appeared in other companies' hardware. HP announced the HP Zvr, a 23.6-inch stereoscopic monitor powered by zSpace technology, in January 2015. HP called it "True Holographic Viewing" and offered an optional HP zView feature that mirrored the 3D view to an ordinary 2D screen for an audience.

zSpace announced its first laptop on 25 June 2018. The announcement said the laptop used an AMD embedded APU with Radeon graphics and LiquidVR, and that zSpace was used at more than 800 educational institutions, including school districts, technical centers, medical schools and universities; the company also said it held more than 40 patents. Tom's Hardware had an early hands-on in December 2018 and reported a planned price of 1,500 US dollars. In its April 2019 review Laptop Mag gave the starting price as 1,299 US dollars with the glasses and stylus included. The reviewer liked the educational apps but criticized the 6.4-pound weight and the dim screen, which measured 155 nits. Tom's Hardware's May 2019 review said head tracking worked without problems, but the reviewer sometimes saw double images when pulling objects close and felt mildly queasy when switching from the 3D programs back to the ordinary screen.

In August 2021 zSpace agreed with an unnamed major PC maker to build a laptop called Inspire on that company's supply chain. The company launched StudioA3 in September 2021, a lesson-building application that also runs on Chromebooks and Apple computers.

SPAC attempt and IPO (2022-2024)

On 16 May 2022 zSpace signed a merger agreement with EdtechX Holdings Acquisition Corp II, a special purpose acquisition company. EdtechX terminated the agreement on 21 June 2023. In July 2024 EdtechX sued zSpace in Delaware Superior Court for breach of contract, and zSpace has called the claims without merit. A trial date of 20 January 2027 has been set.

zSpace then went public through a traditional initial public offering. It sold 1,875,000 shares at 5.00 US dollars each, for gross proceeds of about 9.4 million US dollars, and trading on Nasdaq under the symbol ZSPC began on 5 December 2024. Roth Capital Partners and Northland Securities were the joint book-running managers. The prospectus reported 70 full-time employees as of 30 September 2024. It also said zSpace products had been deployed in more than 3,500 of the roughly 13,000 US public school districts and that the company sold through more than 25 resellers in over 50 countries.

Acquisitions, decline and delisting (2025-2026)

zSpace bought two education software companies in 2025. It acquired BlocksCAD, a browser-based 3D modeling and coding platform for STEM teaching, on 11 March 2025. On 15 April 2025 it acquired Second Avenue Learning, a Rochester, New York, developer of custom learning software and serious games; founder Tory Van Voorhis joined zSpace to lead product strategy. Financial terms were not disclosed for either deal.

Revenue fell from 38.1 million US dollars in 2024 to 27.9 million US dollars in 2025. The company attributed the drop mainly to lower hardware sales and to disrupted funding in its US K-12 market, which lengthened sales cycles. By 31 December 2025 it had 54 full-time employees and more than 80 issued patents. In late 2025 Nasdaq notified the company that it had fallen below two listing requirements, the 35 million US dollar minimum market value of listed securities (25 November 2025) and the 1.00 US dollar minimum bid price (11 December 2025).

zSpace carried out a 1-for-25 reverse stock split effective 20 April 2026. On 21 April 2026 Nasdaq nevertheless decided to delist the stock, because its closing bid price had been 0.10 US dollars or less for ten consecutive trading days as of 17 April. Trading on Nasdaq was suspended on 28 April 2026, and the shares moved to OTC quotation under the same symbol. On 28 May 2026 the company restructured about 12.0 million US dollars of debt owed to the noteholders 3i, LP and Fiza Investments Limited, by converting part of the 3i debt and all of the Fiza debt into common stock and a new series of convertible preferred stock, and by amending 3i's remaining convertible note. A Nasdaq Hearings Panel decided on 6 August 2026 to delist the stock. On 15 September 2026 zSpace announced that it would file a Form 25 itself and then deregister with the SEC, citing the cost of staying a reporting company. It expected delisting to take effect around 5 October 2026 and deregistration around 24 December 2026. The company filed the Form 25 on 25 September 2026. Its quarterly report for the period ended 30 June 2026 says there is "substantial doubt" about its ability to continue as a going concern.

Technology

zSpace systems combine three parts: a stereoscopic display, tracking of the viewer's head or eyes, and a tracked stylus. The display redraws the scene from the viewer's tracked position, a technique known as head-coupled perspective, so the image shifts with motion parallax as the user moves their head. On the first-generation products, which the company now calls Original Edition (OE), a passive circularly polarized display separated the left-eye and right-eye images, and lightweight glasses carried the markers that cameras in the display tracked. On the 2019 laptop, Tom's Hardware counted five reflectors on the polarized glasses and three tracking cameras around the display. A second pair of glasses let an onlooker watch the screen at the same time.

The stylus has six degrees of freedom and, on the 2019 laptop, three buttons whose functions (such as zoom, menu or select) depend on the software. In the prospectus the company says it also supports haptic feedback. The Inspire laptops drop the glasses. A specialized optical lens and eye tracking direct a separate image to each eye, and the 15.6-inch 4K UHD panel works as an ordinary 2D screen when 3D is not in use. The Imagine laptops for younger pupils have a built-in eye-tracking camera and come with a stylus sensor module.

Products

Product	Introduced	Type	Notes
zSpace (Infinite Z)	2011	Stereoscopic desktop display	Launched at Autodesk University on 29 November 2011; 24-inch display, tracked glasses and stylus; expected price about 6,000 US dollars
zSpace for Education all-in-one	2015	All-in-one desktop	Announced at ISTE on 29 June 2015; built with Foxconn; AMD FirePro W5170M graphics
HP Zvr	2015	Licensed stereoscopic monitor	23.6-inch HP monitor built on zSpace technology, shown in January 2015
zSpace laptop	2018	Stereoscopic laptop (glasses)	AMD A9-9420, 8 GB RAM, 256 GB SSD, 15.6-inch 1920x1080 display, 6.4 lb; from 1,299 US dollars
Inspire	2022	Autostereoscopic laptop	First glasses-free model; eye tracking; 15.6-inch 4K UHD display; built with a PC OEM
Inspire 2 and Inspire 2 Pro	2024	Autostereoscopic laptops	Announced 4 December 2024; the company claimed 20 percent more processing and graphics performance and 16 percent less weight than previous models for the Inspire 2, and 22 percent more CPU performance for the Inspire 2 Pro; international availability announced ahead of GESS Dubai (11-13 November 2025)
Imagine	2025	Autostereoscopic laptop	Announced 14 January 2025 for elementary schools; smaller and lighter than Inspire; eye-tracking camera, stylus, three-year warranty
StudioA3	2021	Software	Lesson-building application with pre-made 3D models; runs on non-zSpace devices
BlocksCAD	2025 (acquired)	Software	Browser-based 3D modeling and coding platform

The company's software library covers K-12 science, health and math, and CTE subjects such as automotive, advanced manufacturing, health and agricultural science. Apps come from zSpace and from third-party developers. Reviewers in 2019 tested titles such as Human Anatomy Atlas and GTAFE's Virtual Auto Mechanic and canine anatomy training on the laptop. Hardware made up 53 percent of revenue in the first half of 2026.

See also

• Head-coupled perspective
• Autostereoscopy
• Stereoscopy
• Leia Inc.
• Looking Glass Factory