Meta acquires Luxexcel, a wise eyewear firm


Meta acquires Luxexcel, a smart eyewear company

As Meta faces antitrust scrutiny over its acquisition of VR health builders Inside, the tech large is making one other acquisition. Meta confirmed to TechCrunch that it’s buying Luxexcel, a wise eyewear firm headquartered within the Netherlands. The phrases of the deal, which was first reported within the Belgian paper De Tijd, haven’t been disclosed.

Based in 2009, Luxexcel makes use of 3D printing to make prescription lenses for glasses. Extra not too long ago, the corporate has targeted its efforts on good lenses, which might be printed with built-in expertise like LCD shows and holographic movie.

“We’re excited that the Luxexcel workforce has joined Meta, deepening the prevailing partnership between the 2 corporations,” a Meta spokesperson instructed TechCrunch. It’s rumored that Meta and Luxexcel had already labored collectively on Mission Aria, the corporate’s augmented actuality (AR) analysis initiative.

In September 2021, Meta unveiled the Ray-Ban Tales, a pair of good glasses that may take images and movies, or make handsfree, voice-controlled calls utilizing Meta platforms like WhatsApp and Fb. By absorbing Luxexcel, Meta will seemingly leverage the corporate’s expertise to provide prescription AR glasses, a product that has lengthy been anticipated to come back out of Meta’s billions of {dollars} of funding into its Actuality Labs. Nevertheless, report this summer time acknowledged that Meta was scaling again its plans for consumer-grade AR glasses, which had been initially slated for 2024. Meta didn’t touch upon these rumors on the time.

When constructing its AR and VR merchandise, Meta’s company technique has been to amass smaller corporations which can be constructing prime expertise within the subject. Even Meta’s flagship headset, the Quest, comes from its acquisition of Oculus in 2014. Given the FTC’s makes an attempt to dam Meta’s buy of Inside, it’s doable that the acquisition of Luxexcel might spark the identical scrutiny.

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