Meta acquires Luxexcel, a smart eyewear company

News Summary

  • More recently, the company has focused its efforts on smart lenses, which can be printed with integrated technology like LCD displays and holographic film.“We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” a Meta spokesperson told TechCrunch.
  • By absorbing Luxexcel, Meta will likely leverage the company’s technology to produce prescription AR glasses, a product that has long been anticipated to come out of Meta’s billions of dollars of investment into its Reality Labs.
  • Meta did not comment on these rumors at the time.When building its AR and VR products, Meta’s corporate strategy has been to acquire smaller companies that are building top technology in the field.
  • The terms of the deal, which was first reported in the Belgian paper De Tijd, have not been disclosed.Founded in 2009, Luxexcel uses 3D printing to make prescription lenses for glasses.
  • As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition.
  • Given the FTC’s attempts to block Meta’s purchase of Within, it’s possible that the purchase of Luxexcel could spark the same scrutiny.FTC puts Zuckerberg on the stand over Meta’s plan to acquire Within
As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition. Meta confirmed to TechCrunch that it is purchasing Luxexcel, a sma [+1685 chars]