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Author: Nitesh Patel
Co Author: David MacQueen
Publication Date: Feb 13 2020
Pages: 6
Report Type: Insight, Word
Metaverse, Augmented and Virtual Reality

Is Facebook's Scape Acquisition a New Vision for Location or a SLAM into AR?

Report Summary:

On 8th February 2020 Facebook acquired computer vision start-up, Scape Technologies, for a reported fee in the range of $40M. Notably Scape Technologies is focused on providing high-accuracy visual positioning which can be used by machines (e.g. robots and autonomous vehicles) and use-cases like AR/ VR. So, why has Facebook acquired Scape Technologies and what could be its future intentions? Will this acquisition prove transformative in AR? Given the mapping and location utility, should Facebook be viewed as a potential competitor, or partner, to location players Google, HERE, TomTom and Mapbox?

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