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Snap Inc., the maker of the Snapchat app, will acquire the Prism Award-winning British AR technology company WaveOptics. The $500 million acquisition is Snap’s largest to date. It aims to strengthen the company’s position in the AR eyewear market. The acquisition follows the company’s 2014 purchase of smartglasses maker Vergence Labs.
Snap also announced the fourth generation of its “Spectacles” product, for which WaveOptics is providing 3D waveguide displays. The product features dual displays with a 26.3° diagonal field of view. Two RGB cameras bring in information from the environment, which is then processed and interpreted via Lens Studio, Snap’s application designed for AR creators and…READ MORE