ALIBABA ACQUIRES ISRAELI AUGMENTED REALITY START-UP INFINITYAR
Founded in 2013, InfinityAR is a provider of an operating system that turns augmented reality glasses into a content-augmentation platform, based on its own inside-out simultaneous localization and mapping solution, or SLAM.
InfinityAR has been working with Alibaba since 2016, when Jack Ma’s group led an $18m. Series C financing round for the company, in partnership with Japanese IT and entertainment firm Sun Corporation.
In December 2018, the Alibaba Group made a strategic investment in Tel Aviv-based public transit optimization start-up Optibus, and since 2016 has also invested in cloud-connected dashcam developer Nexar, advanced GPU data warehouse providers SQream Technologies, augmented-reality company Lumus and e-commerce search engine firm Twiggle.
See the full story here: https://www.jpost.com/Jpost-Tech/Business-and-Innovation/Alibaba-acquires-Israeli-augmented-reality-start-up-InfinityAR-584443