Verizon picks up the assets of Disney-backed VR startup Jaunt

After raising $100 million, virtual actuality recount material startup Jaunt has been in a precarious jam for a pair of years now. It appears to be like love the saga has at last unprejudiced a pair of close as the startup launched that Verizon has purchased the corporate’s skills.

The studio rode the wave of VR hype following Facebook’s acquisition of Oculus, however after years of hunting for a commercial in immersive entertainment, spanning tool and digicam hardware, the corporate has spent its past year attempting to promote off its VR sources while pursuing a commercial centered on augmented actuality and what it calls the “distribution of volumetric video of humans.”

A form out Spinview World to take hold of the corporate’s VR tech that used to be reported last year never took blueprint, a spokesperson tells TechCrunch. Verizon is strolling away with Jaunt’s skills sources right here, which is inclusive of their VR tech and their newer AR efforts. It doesn’t sound love every workers are coming onboard as segment of the transition, however there will probably be some Jaunt other folks helping to bring the tech onboard for a like a flash length.

The corporate’s spokesperson opted no longer to comment when requested whether the startup used to be winding down following the deal.

Why does Verizon desire these sources? Verizon Media (of which TechCrunch is aside of) already has some sources within the VR dwelling, together with the virtual actuality recount material studio RYOT, which has been playing around with 360 recount material and general AR/VR recount material. The corporate’s Envrnmnt arm is in general specializing in making AR and VR apps tear more efficiently on mobile, which is one thing Jaunt has had to be wakeful of as they’ve tried to focal level on broadcasters that want to tackle bandwidth lines.

We don’t beget a label on the deal, however the startup raised $100 million from traders, together with GV and Disney. In October of last year, the corporate laid off a “main fragment of its workers” and by the tip of the year they were auctioning off blueprint of labor furniture.

Leave a Reply

Your email address will not be published. Required fields are marked *