|By Le Williams | 2 years ago|
Apple Inc. has acquired a startup focused on innovating lenses for augmented reality glasses, the company confirmed on Wednesday.
Procurement of the startup business suggests Apple has objectives to invent a wearable device that would superimpose digital information on the real world.
The iPhone maker confirmed the gain of Akonia Holographics, releasing in a statement, “Apple buys smaller companies from time to time, and we generally don’t discuss our purpose or plans.”
Akonia was founded in 2012 by a group of holography scientists and had originally focused on holographic data storage before shifting its efforts to creating displays for augmented reality glasses, according to its website.
In augmented reality, digital information is overlaid on the real world as in the popular game Pokemon Go. Mobile phones use their camera system to do this on the phone’s screen, but major technology firms are racing to create glasses that will show digital information on transparent lenses.
Akonia said its display technology allows for “thin, transparent smart glass lenses that display vibrant, full-color, wide field-of-view images.” The firm has a portfolio of more than 200 patents related to holographic systems and materials, according to its website.
Akonia also unveiled it raised $11.6 million in seed funding in 2012 and was seeking additional funding. It was unclear whether that funding ever materialized or who the firm’s investors were.
The purchase price and date of the acquisition could not be learned, though one executive in the augmented reality industry said the Akonia team had become “very quiet” over the past six months, implying that the deal may have happened in the first half of 2018.
Apple has a history of buying smaller companies whose technologies show up years later in its products. In 2013, Apple acquired a small Israeli firm called PrimeSense that made three-dimensional sensors. The iPhone X, launched in 2017, using a similar sensor to power facial recognition features.