Jesseb Shiloh Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

Facebook has acquired Israel-based Pebbles for $60 million

51 sec read

Israeli startups are a hot commodity in the tech world right now, especially the companies involved in more futuristic technology. That’s why Facebook-owned Oculus VR turned to an Israel-based gesture-control startup Pebbles to boost its own virtual reality offerings. While nothing official has been released, the Wall Street Journal’s sources claim that Facebook, through Oculus VR , has acquired the company for around $60 million. 

Facebook Inc.’s Oculus VR said Thursday it agreed to buy Israel-based gesture-control company Pebbles Ltd. Oculus, the virtual-reality headset maker that Facebook bought last year, said Pebbles “will be joining the hardware engineering and computer vision teams at Oculus to help advance virtual reality, tracking, and human-computer interactions,” the company said on its blog. It didn’t disclose a price tag, but one person familiar with the matter said it was around $60 million. A representative for Facebook wasn’t immediately available. Pebbles has recently integrated its technology into the virtual-reality headset developed by Facebook’s Oculus VR, enabling users to interact with the device via hand and finger gestures. Unlike competing gesture-identification technologies, Pebbles’ enables users to see images of their own arms and hands in their virtual-reality display. In some other technologies, users can’t “see” their bodies, or only see generic digitally-generated versions. Pebbles’ technology can show unique features like clothing, scars or items held in one’s hand. The Israeli company, based in Kfar-Saba, some 14 miles northeast of Tel-Aviv, employs 50 people.

Source
Avatar of Jesseb Shiloh
Jesseb Shiloh Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

Oculus has stopped blocking exclusive content on other headsets

We all know that virtual reality is going to be massive, which is why so many companies are trying to secure a dominant position...
Avatar of Michio Hasai Michio Hasai
1 min read

How should Facebook determine which news stories we see?

In case you missed it, Gizmodo reported last Monday that Facebook is actively and methodically suppressing conservative news stories, and has been doing so for a while. Even...
Avatar of Brian Molidor Brian Molidor
1 min read

Facebook is now wrapped in a massive political bias…

Facebook and Google have become the primary sources of news for a significant chunk of the developed world, which means that both companies are in...
Avatar of Brian Molidor Brian Molidor
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *