FACEBOOK HAS ACQUIRED AR STARTUP AT A WHOPPING COST OF $40 MILLION

Has this news piece caused surprised bubbles to burst in your mind?

Well, it did to the world as well. Since knowing a tech-giant like Facebook has acquired Scape Technologies, a UK augmented reality (AR) startup, has really triggered the excitement.

If reports to be believed this deal has been sealed on around $40 million.

OOOHH, that is the huge amount. But there must be something treasured by Facebook, which encouraged them to proceed ahead with this deal.

Are you also curious to know? And want somebody to spill the beans for you??? 

Then don’t worry, we are here to help you more about this charismatic deal, just keep on reading this post further…

What is Scape Technologies?

Scape is based on the unique 3D mapping of physical world technology. This technology creates a 1:1 digital representation of the physical world and is on the verge of building an infrastructure for the next-generation of “spatial-computing devices,” consisting of wearables, autonomous vehicles, and other devices.

How does it benefit?

With the help of technology, Scape aims to convert any physical location or place capable of displaying AR content. This all can be done by creating the 3D renderings of the world with location precision.

The data doesn’t depend on current location technologies like cell-tower triangulation, GPS or reverse IP targeting. Rather, Scape utilizes the visual-positioning system, which offers the centimeter-level location recognition at a prior unprecedented scale.

Rendering of persistent AR in the world is the most ubiquitous aspect.

What more to be experienced with Scape’s technology?

As stated by the company, the prime aim of the company is to create a triangular & precise user location-based anywhere in the world within centimeters. This means that AR content can be “pinned” to any specific location, street, building or object effortlessly.

To conclude, it can easily be said that this is not just the outcome of such incredible technology, but there can be numerous other ways as well, through which Scape’s visual positioning technology, can be utilized.

Eventually, this very tech piece is bringing the uniqueness and the broader vision AR technology holds within its space, and help in garnering a huge number of advantages out of it.

Further, the fusion of this trending technology with Facebook is indeed likely to bring some of the awe-inspiring changes in the technology field.

However, at Techugo, we shall ensure to keep you updated with every new and trending technology that is coming your way, to help you fit it within your business turf with ease.



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