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Verizon acquires Jaunt for AR And VR tech

Verizon (VZ) has acquired Jaunt for an undisclosed amount, according to a news report.

Jaunt has developed technology that enables capturing and publishing human forms in augmented reality and virtual reality [AR and VR] content.

VZ likely acquired Jaunt for a sharply reduced price to add to its burgeoning mobile AR/VR content efforts.

San Mateo, California-based Jaunt was founded in 2013 and has developed the XR Cast technology that enables capturing and publishing of human forms in AR and VR content.

Management is headed by CEO Mitzi Reaugh, who has been with the firm since 2016 and was previously CEO and Co-Founder at GoodLooks.



Source: https://seekingalpha.com/article/4295507-verizon-acquires-jaunt-ar-vr-tech