The Entire VR Industry in One Little Email
The Daily Roundup is our comprehensive coverage of the VR industry wrapped up into one daily email, delivered directly to your inbox.
According to regulatory filings uncovered by Tech Crunch, Facebook has acquired Scape Technologies, a London-based computer vision startup.
Facebook has yet to publicly acknowledge the acquisition. A company spokesperson told Tech Crunch that it “acquire[s] smaller tech companies from time to time. We don’t always discuss our plans.”
Details are still thin, however UK registrar Companies House filings reveals that Facebook now controls 75 percent or more of the company’s shares. Companies House filings also show that a number of the company’s directors have stepped down, and have been subsequently replaced with Facebook executives.
Founded in 2016, Scape Technolognies is building a computer vision-based positioning system called Vision Engine that it says “can be used to precisely determine the location of any camera device, with more accuracy than GPS, and are automatically updated to reflect changes in the environment.” The company says it can do this with what it calls “low-quality imagery.”
Source: Read Full Article