Google has reportedly acquired Raxium, a five-year-old startup focused on developing microLED displays for AR and VR applications.
The terms of the deal are unknown, but Google put a value of $1 billion on Raxium, according to a report from The Information.
microLED is similar to OLED in that it doesn’t use a backlight, instead, each pixel emits its own light.
Two years ago it acquired North, a pioneer in human-computer interfaces and smart glasses, has built a strong technology foundation.
After failing to impress people with the consumer edition of its $1500 Glass, Google earlier brought the second edition of its eye-wearable device – Google Glass Enterprise Edition 2, with an improved camera, USB-C type port, and safety frames.
The first Google Glass was introduced with much fanfare in 2014.
At $1,500, it promised a new, bold era for information.
People, however, realized the device was not yet ready to be part of their lives. There were safety and health concerns. The built-in camera raised privacy and piracy issues too.