Google has acquired five-year-old Bay Area startup Raxium working on micro LED display technology for wearable and augmented and virtual reality (AR and VR) headsets.
“In this case, Raxium’s technical expertise will play a significant role as we continue to invest in our hardware efforts,” Rick Osterloh, senior vice president of devices and services at Google, wrote in a blog post. The Raxium team will immediately join Google’s Devices and Services team
The financial terms for the deal were undisclosed, but could be as high as 1 billion, according to an earlier report from The Information.
Raxium is not the first AR company to be recently targeted by Google when it buys Canadian AR glasses firm North in 2020.
Google is also hiring an augmented reality OS team that focuses on creating software for an unknown “innovative AR device”.
The project is overseen by Clay Bavor, vice president of Labs, who runs Project Starline, a video chat booth that brings you the virtual reality of what you’re chatting with.
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