The purchase is looked upon as a trend that is worrisome to the analysts wherein the US tech firms are taking over UK companies. Facebook might have just acquired a key ingredient for its augmented reality glasses. Scape Technologies was founded in 2017 and work on the development of Visual Positioning Service. This deal is the latest in a long line of purchases by Facebook to strengthen its AR and VR position.
The technology could also enable Facebook to create new mapping and local search applications that it has so far not been able to build.Facebook could be viewed as a potential competitor, or partner to companies like Google, Mapbox etc. Find great deals on new items shipped from stores to your door. Netflix confirms it's adding playback speed controls to its Android app The cameras can use the technology and give accurate mapping services that are more precise than current GPS technology.Scape acquisition of Facebook is part of the strategy which entails Social Media giants aim to pioneer in future technologies like Virtual Reality and Artificial Intelligence. Buy or sell new and used items easily on Facebook Marketplace, locally or from businesses.

It can help solve a lot of problems that have come up because of the mass media. The details of the deal are not yet available; however, as per reports, the deal is worth 40 Million dollars.Scape is trying to develop a technology that helps to create a 1:1 digital representation of the physical world locations. Facebook also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster.

TechCrunch has discovered a filing indicating that Facebook has bought Scape Technologies, a London-based startup using computer vision to determine your location beyond the capabilities of GPS alone. Facebook has acquired Scape Technologies — a London-based computer vision start-up working on location accuracy beyond the capabilities of GPS. Her numerous write-ups are already published on various publications.A tech-enthusiast at heart, she explores ways that businesses can leverage the Internet and move their businesses to the next level.She has been associated with DistilNFO Publication since last 4 years.

The social network now owns a majority stake, and two of its executives now sit on Scape's board of directors in place of venture capital representatives.While it's not initially clear what Facebook intends to do with scape, the AR glasses may be the best fit.

Scape’s long-term objective is to aid machines that make use of the camera to analyze and work with surroundings.Edward Miller, the CEO, and Co-founder of Scape has said that the company’s goal is to create a Mapping Pipeline that takes real images and videos and then transforms them into 3D imaging. Scape Technologies is a computer vision company that was founded in 2017 and has been building a “Visual Positioning Service” that leverages computer vision to enable developers to build apps that need location accuracy beyond what is realizable with GPS alone. Facebook has acquired a startup offering key ingredient for its augmented reality glasses. Not Now. The challenge has been location precision. Scape acquisition of Facebook is part of the strategy which entails Social Media giants aim to pioneer in future technologies like Virtual Reality and Artificial Intelligence. This means that every time you visit this website you will need to enable or disable cookies again. Scape also wanted any machine equipped with a camera to be able to identify its surroundings. While the terms of the deal … Currently, they have a staff of roughly 50 people working out of their London offices.The firm was founded by Edward Miller its CEO and its CTO Huub Heijnen.