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Alibaba acquires Israeli augmented reality start-up InfinityAR

Monday 25 March 2019 | 13:20 CET | News
Chinese e-commerce giant Alibaba has acquired Infinity Augmented Reality Israel, the Ramat-Gan based AR developer, according to the Jerusalem Post. Details of the deal were not disclosed, but Globes cited market sources as estimating a deal's value to exceed USD 10 million. InfinityAR will join Alibaba's Herzliya-based Machine Vision Laboratory, established by Alibaba's DAMO Academy, its USD 15 billion technological innovation arm located in seven cities worldwide. 

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Categories: IT
Companies: Alibaba
Countries: Israel
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