{"id":14540,"date":"2019-03-25T16:34:26","date_gmt":"2019-03-25T16:34:26","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/alibaba-acquires-israeli-startup-infinity-augmented-reality.html"},"modified":"2019-03-25T16:34:26","modified_gmt":"2019-03-25T16:34:26","slug":"alibaba-acquires-israeli-startup-infinity-augmented-reality","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/alibaba-acquires-israeli-startup-infinity-augmented-reality.html","title":{"rendered":"Alibaba acquires Israeli startup Infinity Augmented Reality"},"content":{"rendered":"

Infinity Augmented Reality<\/a>, an Israeli startup, has been acquired by Alibaba, the companies announced<\/a> this weekend. The deal\u2019s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership since 2016, when Alibaba Group led InfinityAR\u2019s Series C<\/a>. Since then, the two have collaborated on augmented reality, computer vision and artificial intelligence projects.<\/p>\n

Founded in 2013, the startup\u2019s augmented glasses platform enables developers in a wide range of industries (retail, gaming, medical, etc.) to integrate AR into their apps. InfinityAR\u2019s products include software for ODMs and OEMs and a SDK plug-in for 3D engines.<\/p>\n

Alibaba\u2019s foray into virtual reality started three years ago, when it invested in Magic Leap and then announced a new research lab in China to develop ways of incorporating virtual reality<\/a> into its e-commerce platform.<\/p>\n

InfinityAR\u2019s research and development team will begin working out of Alibaba\u2019s Israel Machine Laboratory, part of Alibaba DAMO Academy, the RD initiative into which it is pouring $15 billion <\/a>with the goal of eventually serving two billion customers and creating 100 million jobs by 2036. DAMO Academy collaborates with universities around the world, and Alibaba\u2019s Israel Machine Laboratory has a partnership with Tel Aviv University focused on video analysis and machine learning.<\/p>\n

In a press statement, the laboratory\u2019s head, Lihi Zelnik-Manor, said \u201cAlibaba is delighted to be working with InfinityAR as one team after three years of partnership. The talented team brings unique knowhow in sensor fusion, computer vision and navigation technologies. We look forward to exploring these leading technologies and offering additional benefits to customers, partners and developers.\u201d<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/0mFAFF6yn9I\/<\/p>","protected":false},"excerpt":{"rendered":"

Infinity Augmented Reality, an Israeli startup, has been acquired by Alibaba, the companies announced this weekend. The deal\u2019s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-14540","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t