Magic Leap, the augmented reality startup that has raised $ 1.4 billion in funding but has however to release a solution, has produced an acquisition to expand its perform in computer vision and deep learning, and to build out its operations into Europe.
The business has acquired the 3D division of Dacuda, a laptop vision startup based out of Zurich. One particular of Dacuda’s focuses had been developing algorithms for consumer-grade cameras (and not just cameras, but any device with a camera function) to capture 2D and 3D imaging in real-time , “making 3D content material as effortless as taking a video.”
Dacuda has confirmed the acquisition with a brief announcement on its website. It notes that the complete 3D team has moved to Magic Leap and that Dacuda’s founder, Alexander Ilic, is now leading Magic Leap Switzerland.
“Dacuda successfully sold its 3D division to mixed reality leader Magic Leap. The complete Dacuda 3D team joins Magic Leap to kind its very first European presence. The workplace in Zurich permits Magic Leap to further extend its leadership part in personal computer vision and deep learning technologies. Magic Leap Switzerland is led by Dacuda founder Alexander Ilic.
Under the lead of Peter Weigand and Michael Born, Dacuda refocuses its activities on its productive productivity options with major customers such as Sunrise, Crealogix, Unisys, and SITA.”
As you can see, no detail about what the two might be operating on. But when the acquisition was first rumored final week — Dacuda posted a note on its blog about promoting its 3D division, and then numerous Dacuda personnel updated their LinkedIn profiles as Magic Leap workers — Tom’s Hardware speculated that it could signal Magic Leap employing technology developed by Dacuda to enable space-scale, six degrees of freedom tracking (essentially to enhance its image capturing sensors in 3D environments).
This is Magic Leap’s first leap into Europe, but even more substantially, it is becoming produced by way of a country that has a robust reputation for pc vision research and improvement.
There are quite a few startups and academics working in Zurich and other Swiss centers on AR and VR technology, specifically the areas of computer vision and deep learning, and so a presence there will let Magic Leap plug into that scene more directly.
(The ecosystem there is attracting other huge-name M&A. Faceshift, a motion capture startup acquired by Apple in 2015, was also founded in Zurich.)
Adding more talent, and creating out far more connections into the pc vision ecosystem, could be coming at the proper time for Magic Leap. As you might currently know, the organization has hit some stumbles in current instances with unflattering leaks of its goods, executive departures, reports that the tech and hardware may not be up to scratch, and the lingering query of whether anything can ever meet the hyped-up expectations that a $ 4.five billion valuation confers on a startup, at least in the short term.
Financial terms of the deal are not being disclosed. Dacuda has been around since 2009 and according to CrunchBase had raised an undisclosed round, plus $ 542,000 in crowdfunding on Kickstarter for one particular of its productivity solutions, the PocketScan handheld scanner, back in 2014 (we covered it here).
What is also not clear is how this acquisition will impact current organization development offers that Dacuda’s 3D division currently had in spot.
For instance, in October the firm had linked up with MindMaze, another virtual/augmented reality startup out of Switzerland, to create a platform they were calling “MMI”, “the world’s first multisensory computing platform for mobile-primarily based, immersive and social virtual reality applications,” MindMaze noted. MindMaze stated it planned to “deploy the technology for customers globally to address a void left by Google’s DayDream View for positional tracking and multiplayer interactions.” We have contacted Magic Leap for comment and will update this post if and when we find out far more.
This is Magic Leap’s second disclosed acquisition. The initial, in 2016, was of Israel-primarily based cybersecurity startup Northbit.
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