Oculus Boosts Virtual Reality Development With Acquisitions

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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.

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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."

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"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.

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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.

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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.

 

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