Meta acquires VR and AR optical technology company ImagineOptix

Meta Platforms Inc. has acquired ImagineOptix Corp., a developer of augmented and virtual reality optics technology designed to overcome optical and optoelectronic challenges in displays.

The acquisition was first discovered on December 17 by optical analyst Karl Guttag and confirmed today by Meta to The Information. It is not known when Meta acquired the company. The ImagineOptix website is no longer live and the last listing with content in the company’s internet archives is September 2.

The price of the acquisition is also unknown. According to Crunchbase, ImagineOptix had raised $ 20 million in venture capital prior to its acquisition. In an interview following a $ 5 million raise in March, Erin Clark, CEO of ImagineOptix, said the company was looking at the time to raise an additional $ 4 million.

Meta’s interest in acquiring ImagineOptix immediately stood out and it was for its virtual reality division, formerly known as Oculus. Applications of ImagineOptix technology in the virtual reality industry include improvements to the OLED display panel, integrated infrared and visible sensors, compact wide-field-of-view pancake lens systems, focus adaptation and eye tracking.

Founded in 2004, ImagineOptix manufactures thinner, lighter and more efficient optics that enable realistic and transparent user experiences for augmented reality and virtual reality. The company’s linear or LCP light-curing optics consist of one micron thick layers that provide the thinnest, lightest products available, perfect for consumer applications.

ImagineOptix LCP optics creates continuous phase profiles with the highest efficiency available, maximizing battery life and enabling applications not possible with other optical technologies, according to the company, and LCP optics supports loads a range of complex wide angle, high uniformity and aspherical waveguides. lentils.

The company has a design and manufacturing facility to support development through mass production, including custom-designed roll-to-roll volume production for the production of LCP optics.

The acquisition of ImagineOptix is ​​not Meta’s first acquisition in the virtual reality market, and it is unlikely to be the last. Previous Meta acquisitions in the VR space include Downpour Interactive, Ready at Dawn, Sanzaru Games, Beat Games, and BigBox VR.

Image: ImagineOptix / Sketchfab

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