Monday, February 24, 2020

Snap Buys Assets Of Ill Fated AR Startup Daqri

Venice, California-based Snap has acquired the assets of ill-fated augmented reality (AR) hardware developer Daqri, according to a report today. Financial details of the asset acquisition were not announced. According to Protocol, the acquisition was of "certain Daqri assets" and around two dozen employees. Daqri had raised around $300M for the development of its own, augmented reality headset and technology. Daqri had sold its AR helmet for around $15,0000.