The American messaging app developer Snap to buy reality tech company WaveOptics for over $500 million.
Snap introduced their next generation of Spectacles, which brings augmented reality to life. They are lightweight display glasses, made for creators to overlay their Lenses directly on to the world, exploring new ways to fuse fun and utility through immersive AR.
Some of the important features of the Spectacles is that it has dual 3D waveguide displays and a 26.3 degree field of view overlay lenses.
Spectacles are fully integrated with Lens Studio, which is one of the powerful desktop application designed for creators and developers, to build and publish Lenses across our Snap AR platform.
About Snap
Snap Inc is an American social media and camera company based in California, it develops and maintains technological products and services Spectacles, Snapchat and Bitmoji. Initially the company was called Snapchat Inc.
The company was found on the year September 16, 2011 by Bobby Murphy and Evan Spiegel upon the relaunch of Picaboo as Snapchat.
About WaveOptics
The company Wave optics is a manufacturer and designer of diffractive waveguides, aiming to become the optical component in Augmented Reality (AR) devices.
It has extensive real-world experience of designing and building the optical component of AR wearables. It also Nano-photonics pioneers working hand-in-hand with mass manufacturing expertise worldwide.
This is the critical combination that makes them different. Together the company delivers the core optical technology to ensure wearable AR becoming an everyday reality. Sooner rather than later.
