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Computer vision startup Scape Technologies, based in London, UK, was acquired by Facebook. It was revealed that Facebook owned more than 75% of the shares of Sscape Technology through an update of registration-related matters. However, the terms of the acquisition are unclear. However, according to other documents submitted, the acquisition amount seems to be about 40 million dollars.
In another document, the CEO of Venture Capital resigned from the executives of Sscape Technology, and instead, two people participated in the board of directors on Facebook. Investors in Sscape Technology are Entrepreneur First (EF), Local Globe, Mosaic Ventures, and Fly Ventures.
SCAPE Technology was founded in 2017 and is developing technology with more accurate location information than GPS. To develop visual positioning services based on computer vision. It allows you to develop apps that require more precise location information than GPS. Initially, it was targeted for augmented reality apps, but it has the potential to be used to improve mobility, logistics, and robot application performance. In addition, Landscape Technology aims to expand its scope so that all machines equipped with cameras can recognize its surroundings.
Edward Miller, CEO of Landscape, described the company’s Vision Engine as a large-scale mapping pipeline that creates 3D maps from ordinary photos or videos. GPS is provided to the vision engine using the visual location service API through the camera. It is possible to grasp location information with higher precision than that. This service is available to some developers through the Landscape SDK.
This acquisition may be an appropriate choice given that Facebook is investing in next-generation platforms, including virtual reality and augmented reality, in any form. Related information can be found here .
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