Alibaba acquires Israeli VR startup Infinity Augmented Reality

TechCrunch | 3/24/2019 | Staff
marika (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/03/InfinityAR_glasses.jpg?w=701

Infinity Augmented Reality, an Israeli virtual reality startup, has been acquired by Alibaba, the companies announced this weekend. The deal’s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership since 2016, when Alibaba Group led InfinityAR’s Series C. Since then, the two have collaborated on augmented reality, computer vision and artificial intelligence projects.

Founded in 2013, the startup’s augmented glasses platform enables developers in a wide range of industries (retail, gaming, medical, etc.) to integrate AR into their apps. InfinityAR’s products include software for ODMs and OEMs and a SDK plug-in for 3D engines.

Alibaba - Foray - Reality - Years - Magic

Alibaba’s foray into virtual reality started three years ago, when it invested in Magic Leap and then announced a new research lab in China to develop ways of incorporating virtual reality into its...
(Excerpt) Read more at: TechCrunch
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