Latest in Entertainment

Image credit: Jaunt

Verizon buys Jaunt's AR and VR technology

Verizon has reportedly bought "all" of Jaunt's tech, but not the company itself.
113 Shares
Share
Tweet
Share
Save

Sponsored Links

Jaunt

With two of its co-founders out of the picture, one-time VR content startup Jaunt is selling many of its assets. On Monday, the company announced a sale to Verizon (Engadget's parent company). While financial terms of the deal weren't disclosed, Jaunt says the carrier is acquiring its software and technology. In a statement to The Verge, a spokesperson for Jaunt clarified that the company had sold "all" of its tech to Verizon, but didn't note whether the startup would continue to operate as a separate entity. We've reached out for additional information.

Prior to when it moved to focus on augmented reality tech in 2018, Jaunt had been one of the more visible independent companies working in virtual reality. It collaborated with a variety of consumer brands to help them create virtual reality content -- meaning you've likely tried one of the company's VR experiences, even if you not familiar with the name. It also had its own app on Oculus, Vive, PlayStation VR, as well as both iOS and Android.

Today's deal caps off a period of uncertainty for Jaunt. Between 2015 and 2016, the company raised $65 million from Disney and saw then CEO Jens Christensen leave to "move on to his next adventure." This past December, Christensen's replacement, co-founder Arthur van Hoff, also left the startup. In April, he turned up at Apple as a senior architect on an unnamed team.

Verizon owns Engadget's parent company, Verizon Media. Rest assured, Verizon has no control over our coverage. Engadget remains editorially independent.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
113 Shares
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
Lincoln's 2020 Corsair Grand Touring will offer electric all-wheel drive

Lincoln's 2020 Corsair Grand Touring will offer electric all-wheel drive

View
Volkswagen's Space Vizzion concept brings electricity to a wagon

Volkswagen's Space Vizzion concept brings electricity to a wagon

View
Solar energy 'breakthrough' could replace fossil fuels in some industries

Solar energy 'breakthrough' could replace fossil fuels in some industries

View
Audi’s E-Tron Sportback adds style and range to the line

Audi’s E-Tron Sportback adds style and range to the line

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr