Apple is set to acquire VirtualVR, a virtual reality video streaming service, for $100-million. NextVR has over a decade of experience in broadcasting live events in virtual reality to various headsets, thus revolutionizing the way fans watch sports as well as entertainment. What may have caught Apple’s eyes are its patents to video upscaling technology used in high quality streaming to headsets.
In all, NextVR holds more than 40 patents for this technology, but unfortunately, was unable to secure a Series C round of funding in 2019, thus causing the company to lay off 40% of its staff, despite partnerships with the NFL, NBA, NHL, WWE, Wimbledon, etc. Previously, NextVR was developing six degrees of freedom-enabled volumetric video, higher resolution output, and AR support for its video streams. This move will boosts Apple’s portfolio of VR and AR technologies over the next few years.
- Lighthouse tracking - base station 1.0 provides up to 160 sq. Feet of play space for those that demand the best in Vive VR gaming.
- Crystal-clear graphics - see the virtual world through a 2880 x 1700 combined Pixel resolution. All-new LCD panels reduce the distance between Pixels, minimizing the screen-door effect.
- Flip-up design - go easily between reality and virtual reality with the flip-up design, without disrupting your VR journey.
Apple announced to its employees earlier this year that it was hoping to launch the company’s first augmented reality headset by 2022.