Which company has recently acquired Scape Technologies- a computer vision start up working on location accuracy beyond GPS?
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Facebook is the company which has recently acquired Scape Technologies- a computer vision start up working on location accuracy beyond GPS.
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Facebook has recently acquired Scape Technologies - a computer vision startup working on location accuracy beyond GPS.
Explanation:
- Scape Technologies is a startup company situated in London. It has been worked on a accurate location beyond the capabilities of GPS. This has been acquired by Facebook according to regulatory filing.
- However the full term deal is unknown, the Facebook Inc has majority control over the company. The price could be about $40 million.
- This technology initially targeted AR based apps, but also had the potential to use power applications in logistics, robotics, and mobility.
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