Facebook Acquires Computer Vision Startup Scape Technologies

Scape's cloud-based Vision Engine allows camera devices to understand their environment Scape Technologies/@scape Twitter account

Scape's cloud-based Vision Engine allows camera devices to understand their environment Scape Technologies/@scape Twitter account

Scape Technologies, the London-based computer vision startup focusing on place accuracy beyond the capacities of Global Positioning System, was obtained by Facebook, according to a regulatory filing.

Filings with Companies House Jan. 24 revealed that Facebook directly or indirectly holds 75% or more of the shares in the company and that Scape board members Toby Coppel and George Henry de Frahan were out, replaced by Facebook's Dave Kling and Susan Jennifer Simone Taylor. But by considering other plantations, for example a current conversation issue, I know the cost may be approximately $40 million.

Scape's backers included Entrepreneur First (EF) - that the startup is an alumni of this business builder program - combined with LocalGlobe, Mosaic Ventures, and Fly Ventures.

Founded in 2017, Scape Technologies was developing a "Visual Positioning Service" based on computer vision which lets developers build apps that require location accuracy far beyond the capabilities of GPS alone. Camera devices can then connect with the Vision Engine using the Visual Positioning Service API to determine its exact location with greater precision than GPS.

Scape CEO and co-founder Edward Miller previously described the company's "Vision Engine" as a large-scale mapping pipeline that can create 3D maps from ordinary images and videos.

After its acquisition by Facebook, it is expected to bring more value to the next generation platforms, including VR and AR.

Now TechCrunch has learned that a third United Kingdom acquisition quietly took place this December, seeing Facebook acquire Deeptide Ltd., the company behind Atlas ML, which is also the custodian of "Papers With Code", the free and open resource for machine learning papers and code. "We don't always discuss our plans".

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.