Meta acquires smart glasses company Luxexcel targeting immersive technologies

Doubling down on investments with augmented and virtual reality, Meta adds the Luxexcel thinking about the production of smart glasses lenses, seeking to generate value from technologies that can be associated with the metaverse.

Meta bought Luxexcel with a focus on the immersive technologies market

The transaction values ​​were not disclosed, however, Meta's head of financial communications, Ryan Moore, came out to say that he is excited about the acquisition: “We are excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies”.

Based in the Netherlands, the smart lens company was founded in 2009, and emerged on the market with the production of glasses that combine the user's natural needs with the demands for technology. The entire production scale is made using 3D printers.

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