Meta acquired smart lensmaker Luxexcel as it works toward AR glasses goal

January 2, 2023

, By Team SNFYI

Share via:

Meta is investing more money in the metaverse by acquiring Luxexcel, a Dutch company that specialises in 3D-printing prescription lenses for smart glasses. The news was first reported by Dutch newspaper De Tijd (via TechCrunch), but Meta has since confirmed the acquisition to The Verge.

Luxexcel stated it can integrate the elements needed to create an augmented reality experience within a prescription lens, such as holographic film and projectors. In 2021, it partnered with WaveOptics, the company that provides the displays for Snap’s Spectacles, to create a lens outfitted with waveguides, or the transparent display technology needed to superimpose virtual objects on a user’s real-life environment.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

SEBI requested OYO to share an updated DRHP; IPO to be delayed by three months

Next News

Zomato records a 45% YoY increase in order volume on new year’s eve

Popular

More Like this

Meta acquired smart lensmaker Luxexcel as it works toward AR glasses goal

January 2, 2023

, By Team SNFYI

Meta is investing more money in the metaverse by acquiring Luxexcel, a Dutch company that specialises in 3D-printing prescription lenses for smart glasses. The news was first reported by Dutch newspaper De Tijd (via TechCrunch), but Meta has since confirmed the acquisition to The Verge.

Luxexcel stated it can integrate the elements needed to create an augmented reality experience within a prescription lens, such as holographic film and projectors. In 2021, it partnered with WaveOptics, the company that provides the displays for Snap’s Spectacles, to create a lens outfitted with waveguides, or the transparent display technology needed to superimpose virtual objects on a user’s real-life environment.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

SEBI requested OYO to share an updated DRHP; IPO to be delayed by three months

Next News

Zomato records a 45% YoY increase in order volume on new year’s eve

More like this

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!