Apple Inc. (NASDAQ: AAPL) acquired Vrvana Inc. for reportedly US $30 million. The acquisition closed early this month.
Founded in 2005 by Bertrand Nepveu and formerly known as True Player Gear Inc, Vrvana is a developer of immersive 3D augmented reality headset Totem which combines AR and VR technologies.
Vrvana had previously raised $750,000 from Real Ventures, in addition to $181,000 raised through a Kickstarter campaign.
photo credit: Vrvana Inc.
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.