Under this agreement, Google is making a $75 million equity investment in Warby Parker and committing another $75 million toward product development and commercialization. That’s a $150 million bet on ...

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Shares of Warby Parker jumped 15.9% to $20.38 on Tuesday afternoon after the company announced a strategic partnership with Google.

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Warby Parker stock price surged by over 15% on Tuesday after unveiling a major $150 million partnership with Google.

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Warby Parker (WRBY) has tied up with Google (GOOG) (GOOGL), under which the eyewear company will receive up to $150M investment to develop AI-powered glasses meant for all-day use.