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Apple acquires VR (Virtual Reality) start-up company to strengthen virtual reality technology

Apple acquires VR (Virtual Reality) start-up company to strengthen virtual reality technology

Apple recently announced the acquisition of Spaces, a Virtual Reality (VR) start-up company in the United States, but has not disclosed the relevant transaction price and terms. Spaces have also stopped all its services last week, claiming that the company is now developing in a new direction.

It is reported that the start-up company was spun off by DreamWorks Animation (DreamWorks Animation) and was established in January 2016. It has been focusing on the development of virtual reality products, including the Zoom add-on (Add-On), which allows users to freely Order an animated avatar for online meetings or virtual classrooms, and write notes on a virtual whiteboard to keep in touch with relatives, friends, and colleagues.

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Apple has been rumored earlier that it is developing augmented reality (AR) and VR (virtual reality) headsets and the company has always shown a strong interest in the AR and VR market. In recent years, it has continued to expand its team and acquired Next VR, Akonia Holographics, Vrvana, and other startups. Outsiders speculate that the Spaces team may follow this development direction and join Apple’s VR-related projects.

However, after the news came to light, and Apple spokesperson only replied by e-mail to acknowledge the acquisition and pointed out that the company would acquire smaller technology companies from time to time. The details of the plan have not yet been officially disclosed.

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Awais Nazar

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