Oculus Boosts Virtual Reality Development With Acquisitions

Advertisement
By Agence France-Presse | Updated: 13 December 2014 11:14 IST

Facebook-owned Oculus VR moved closer to launching its virtual reality gear on Friday with fresh acquisitions of startups and talent.

Oculus announced it bought two-year-old Nimble VR and a second startup called 13th Lab, but did not disclose financial details.

Advertisement

Nimble specializes in hand-tracking technology "which has the potential to be a great (virtual reality) user experience," while 13th Lab is focused on real-time 3D modeling such as simulated visits to pyramids in Egypt or the Roman Colosseum, according to Oculus.

Oculus also announced that it has enlisted the motion-capture skills of Chris Bregler, whose recent projects include visual tracking for the films "Star Trek Into Darkness" and "The Lone Ranger."

Advertisement

"Nimble VR, 13th Lab, and Chris will all be winding down their existing projects to focus on VR full-time at Oculus as part of both product engineering and Oculus Research," the company said in a blog post.

(Also see: Financial Planning Gets a Dose of Virtual Reality)

Facebook early this year bought the virtual reality headgear company Oculus in a deal valued at $2 billion.

Advertisement

Facebook co-founder and chief Mark Zuckerberg said that the acquisition of Oculus was a long-term bet that making the social network's offerings more immersion-focused would pay off.

"People will build a model of a place far away and you will just go see it, it is just like teleporting," Zuckerberg said.

Advertisement

The 30-year-old tech titan billed the acquisition as part of a drive to build the "next major computing platform that will come after mobile."

Oculus head gear has yet to become commercially available.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. iPhone 17 Pro Max At Rs. 1,02,900 in Apple 50th Anniversary Sale
  2. Vivo T5 Pro 5G Confirmed to Launch in India Soon With These Features
  3. Here's When the Oppo K15 Pro Series Could Be Launched in India
  4. OnePlus Nord 6 First Impressions
  5. Samsung Galaxy S26 FE Geekbench Listing Reveals Benchmark Figures
  6. These Four Motorola Phones Are Now Eligible to Get Android 17 Beta Updates
  1. Microsoft Releases New AI Models That Can Generate Images, Audio and Transcribe Text
  2. Redmi K Pad 2, New Redmi Laptops Tipped to Launch Alongside Redmi K90 Ultra
  3. Google Pixel 10 Users Can Now Play Steam Games Offline via GameNative 0.9.0
  4. Circle Unveils cirBTC Token to Expand Bitcoin’s Role in DeFi Ecosystem
  5. Honor 600 Series Could Launch Soon as Company Starts Teasing Debut of a New Phone
  6. Microsoft AI Chief Wants to Deliver State-of-the-Art AI Models by 2027: Report
  7. Infinix GT 50 Pro Leak Shows Design, Cooling, Gaming Features Ahead of Anticipated Launch
  8. Samsung Galaxy Z Fold 8, Galaxy Z Flip 8 to Stick With Older M13 OLED Panels: Report
  9. Crypto Hack Losses Drop to $168.6 Million in Q1 2026 Despite Ongoing Risks
  10. Google Vids Will Now Let All Users Generate Veo 3.1 AI Videos for Free, New Features Added
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.