Meta Platforms Inc. or Meta has acquired the leading developer of augmented and virtual reality optics technology, ImagineOptix.
The valuation or the purpose of the acquisition is rather unknown. However, ImagineOptix had raised $20 million in venture capital funding before the acquisition.
It is evident that Meta’s objective for the acquisition is to strengthen its virtual reality division, previously known as Oculus. ImagineOptix technology has several applications in the VR sector, such as OLED display panel enhancements, integrated infrared and visible sensors, compact wide field of view pancake lens systems, focus accommodation, and eye-tracking.
ImagineOptix was founded in 2004 to develop thinner, lighter, and more efficient optics to facilitate seamless user experiences for AR and VR. The company manufactures linear photopolymerization or LCP optics using micron-thick layers to help develop the thinnest, lightest products for consumer applications.
The company has a design and manufacturing facility that supports development for mass production or custom-designed roll-to-roll volume production for LCP optics.
This isn’t Meta’s first acquisition in the VR space and certainly won’t be the last. It has taken over several companies in the domain, including Downpour Interactive, Ready at Dawn, Sanzaru Games, Beat Games, and BigBox VR.
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