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
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
The facelifted Maruti Suzuki Ciaz has been spotted for the very first time sans camouflage; will launch in August 2018.
Recently posted. 1K views . 0 min read
Pollution is increasing day by day, and it is a well-known fact that it is a slow poison that impacts our health in the long run.
Recently posted. 1K views . 0 min read
Maruti Suzuki has been testing the Solio on Indian roads for many months now. A couple of years ago, the car maker also showcased the WagonR R3, a 7 seat, 3 row ver...
Recently posted. 2K views . 2 min read
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 3K views
Recently posted . 2K views
Recently posted . 1K views . 123 min read
Recently posted . 1K views . 138 min read
State-run telecom operator BSNL on Monday halved the monthly rental for unlimited calling from landline to any network on Sundays and night hours to Rs. 49 from Rs....
Recently posted. 722 views . 9 min read
Apple's 10th anniversary iPhone 8 or iPhone X (supposed to be named X) might be propelled later than September this year, examiners assert.
Theories ...
Recently posted. 1K views . 18 min read