Facebook's Oculus Buys Pebbles Interfaces For $60 Million

Posted: Jul 17 2015, 7:17am CDT | by , Updated: Jul 17 2015, 7:52am CDT, in News | Technology News


Facebook's Oculus Buys Pebbles Interfaces for $60 Million
Credit: Oculus
  • Oculus buys Pebbles for an estimated $60 million!

Facebook owned company Oculus acquired the Israeli gesture control company Pebbles.

On Thursday the company Oculus announced it has bought the Israel based company Pebbles Ltd. for a whopping $60 million, according to WSJ. Pebbles Ltd. is a gesture control company and will help Oculus in the hardware engineering and computer vision team section.

According to the virtual-reality headset maker Oculus which was acquired by Facebook in 2014, Pebbles will be joining their team to improve their virtual reality, tracking, and human-computer interactions. The statement was given out by Oculus on their official blog. 

Even though Oculus did not reveal the price of the deal between the two companies, a close source disclosed the price at about $60 million. Facebook has not commented on the issue yet. 

The acquisition of Pebbles Ltd. came after the company integrated its hand gesture technology into the virtual handsets by Oculus. Pebbles Ltd. allowed users to interact with the Oculus virtual reality device through hand and finger gestures.

Additionally Pebbles also allows users to view their own hands and feet in the virtual reality even going to the point where users can view their own clothing and particular scars on hands. Other gesture identification technologies only provide a generic version of the users digitally generated.

Although Oculus released its own brand of motion controllers Oculus Touch device back in June, it seems the company actually wants to go in the device free movement for a while and therefore the acquisition of Pebbles Ltd. seems like the right choice.

Pebbles Ltd. which only consists of a 50 person staff has targeted the Oculus products specifically for their virtual technology advancement as it has released technology which allows hands to be the controllers in virtual reality rather than remotes or other devices. 

Sources: Pebbles InterfacesOculus

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M. Affan covers the hottest news that captivate the web today.




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