Facebook Acquires Start-up Nascent Objects To Build Hardware Faster

Posted: Sep 20 2016, 2:00am CDT | by , Updated: Sep 20 2016, 4:47am CDT, in News | Latest Business News


Facebook Acquires Start-up Nascent Objects to Build Hardware Faster
Photo Credit: Getty Images

In a bid to build Wi-Fi drones, data servers and virtual reality goggles faster, social media giant Facebook has acquired Silicon Valley-based start-up Nascent Objects for an undisclosed sum, a media report said.

The acquisition is part of Facebook CEO Mark Zuckerberg's 10-year plan which includes big bets in artificial intelligence, virtual reality and internet access, CNET reported on Monday.

The startup which will be a part of Building 8, Facebook's secret initiative for developing hardware, makes tools to help speed up the process of building physical hardware prototypes.

The startup specializes in "modular electronics," which allows to swap out interchangeable hardware parts.

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