Snapchat buying Israeli augmented reality start-up Cimagine
Monday, December 26, 2016 IST
Messaging app Snapchat is shopping for Israeli augmented truth startup Cimagine Media for an envisioned $30-$forty million, marking Snapchat’s first acquisition in Israel, the Calcalist financial each day stated on Sunday.
Cimagine developed genuine Marketless Augmented truth – generation that allows users to definitely region fixtures and home equipment they want to buy within the space in their home, on their cell gadgets, at the click of a button.
Cimagine becomes Snapchat’s studies and improvement centre in Israel and is predicted to hastily make bigger its workforce from its cutting-edge 20 personnel, Calcalist stated.
The organisation’s pretty-professional team might be the primary purpose for the acquisition, in place of its technology, Calcalist stated.
officials at Cimagine declined to touch upon the record.
The organisation changed into based in 2012 and has raised some million bucks.
Venice, California-based Snapchat is expected to move public as early as March with a valuation of as lots as $25 billion.
Related Topics
Related News & Articles
Evan Spiegel, co-founder and CEO of Snapchat, has announced a major redesign for its popular photo-sharing platform. He also took a dig at rivals Facebook and Twitt...
Recently posted . 916 views . 2 min read
Walking through the workplace of team Indus in Bengaluru demands a jaunty soundtrack within the history. It’s difficult to shake off the feeling of b...
Recently posted . 851 views . 111 min read
Snap Inc, a proprietor of the popular Snapchat app, stated it expected to spend $1 billion (kind of Rs. 6,689 crores) over the subsequent 5 years to apply Amazon.co...
Recently posted . 683 views . 19 min read
Although Snap's stock charge was a chunk down last week, Snapchat is the top searched app at the iOS App store, a media report said.
In keep...
Recently posted . 802 views . 10 min read
In its bid to reduce fake news and click bait, the photo and video sharing app Snapchat that's developing up as an area for information has up to date its hints...
Recently posted . 866 views . 14 min read
Trending News & Articles
View Top 5 Mobile Chargers in India as on 08 Feb 2023. This rundown is compiled according t...
Recently posted . 5K views . 6 min read
The following list of India's Top 5 Mobile Charger manufacture Brand 2019
Recently posted . 3K views . 0 min read
Rolls Royce cars are extremely luxurious. While there are many expensive pieces of equipment in Rolls Royce cars, their most relaxing feature is the silence that ...
Recently posted . 3K views . 2 min read
XUV300 is the latest entrant in the compact SUV segment.
Recently posted . 3K views . 0 min read
More in Electronics & Gadgets
In a strategic move, Finnish telecom gadget producer Nokia and India's biggest telecom carrier issuer Bharti Airtel on Wednesday introduced advent of a...
Recently posted. 805 views . 15 min read
Find out whether the Honda CB300R has what it takes to rival against one of the most feature-packed and value for money motorcycles of this segment
Recently posted. 1K views . 1 min read
SpaceX said Monday two non-public residents have paid cash to be despatched across the Moon in what might mark the farthest human beings have ever travelle...
Recently posted. 1K views . 23 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 2K views . 35 min read
Recently posted . 2K views . 42 min read
From Google Go & Google Pay to Project Navlekha, get all the details on these awesome initiatives here!
Recently posted. 972 views . 0 min read
Once implemented in the coming weeks, consumers in India whose mobile phones are lost or stolen can inform the Department of Telecom (DoT) via a helpline number aft...
Recently posted. 1K views . 1 min read