Thursday, 16 July 2015

Facebook Oculus buys Pebbles Interfaces

Facebook owned virtual reality startup Oculus has confirmed that it is acquiring Pebbles Interfaces, a computer vision and depth sensing Technology Company based in Israel. Founded in 2010, Pebbles Interfaces develops advanced motion sensors that recreate physical objects within the digital realm, irrespective of the angle or range.

It also claims to have no latency, which would be a major boost for Oculus and its Virtual Reality headset. Pebbles Interfaces has built technology that uses custom optics, sensor systems and algorithms to monitor hand movement. Over time, technology breakthroughs in sensors will unlock new human interaction methods in VR and revolutionize the way people communicate in virtual worlds.
Following a $450,000 seed round raised in 2011, Pebbles Interfaces closed a chunky $11 Million round in 2013, which included big investors such as SanDisk. In a separate announcement, Pebbles Interfaces explains why it agreed to join Oculus, saying that it is at the forefront of the shift virtual reality has made in recent times, and it will help advance our vision of building immersive experiences and revolutionizing digital human interaction.

Facebook acquired Oculus for $2 Billion in March 2014. In June 2014, Oculus acquired Carbon Design Group, a Seattle based company that helped Microsoft design the Xbox 360 Controller, Kinect motion sensing camera. Two weeks later, Oculus acquired game networking engine RakNet and swiftly made it open source. Last year, Oculus acquired Nimble VR and 13th Lab before going to snap up computer vision startup Surreal Vision in May.

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