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Verizon (VZ) has acquired Jaunt for an undisclosed amount, according to a news report.
Jaunt has developed technology that enables capturing and publishing human forms in augmented reality and virtual reality [AR and VR] content.
VZ likely acquired Jaunt for a sharply reduced price to add to its burgeoning mobile AR/VR content efforts.
Target Company
San Mateo, California-based Jaunt was founded in 2013 and has developed the XR Cast technology that enables capturing and publishing of human forms in AR and VR content.