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| Facebook is gaining a new company to increase augmented reality functionality |
Facebook acquired Scape Technologies, a British computer vision company, that is developing GPS technologies that outperform existing GPS systems.
TechCrunch quoted a company spokesman commenting on the news saying, "From time to time, we acquire smaller technology companies. We don't always discuss our plans." In this term, the company indirectly confirms acquisitions.
(TechCrunch) Details of the deal are not clearly visible on the site. However, given Facebook's stake in the company and its value, the deal's price is expected to be around $ 40 million. He also mentioned that two startup leaders had stepped down, and two Facebook officials had replaced them.
Facebook is gaining a new company to increase augmented reality functionality
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| Facebook is gaining a new company to increase augmented reality functionality |
Scape Technologies was founded in 2017 and has developed optical positioning services based on computer vision technology. Compared to current GPS capabilities, developers can create apps that can get more accurate location information.
The technology was originally intended for augmented reality applications, but it can be used to run navigation applications and robots. (SCIP) tries to use it on any camera device so that it can understand its surroundings.
Edward Miller, the managing director of the British company, had previously described the "optical engine" as a card technology that could be used to create 3D maps with normal pictures and videos. The company has provided a visualization API for many developers.
The acquisition of Scape appears to be part of Facebook's efforts to boost its presence in augmented reality and virtual reality market, which has attracted many major technology companies.