Google acquired Raxium, a five-year-old Bay Area startup working on microLED display technologies for wearable devices and virtual and augmented reality (AR and VR) headsets.
"Raxium's technical expertise in this area will play a key role as we continue to invest in our hardware efforts," Rick Osterloh, Google's senior vice president of devices and services, wrote in a blog post. The Raxium team will immediately join the Google Devices and Services team.
Financial terms of the deal were not disclosed, but it could reach $XNUMX billion according to previous reports by The Information.
Raxium isn't the first augmented reality company Google has targeted recently, having bought Canadian augmented reality glasses company North in 2020.
Google has also hired an augmented reality operating system team, focused on creating software for an unknown "innovative AR device."
The project is reportedly overseen by Labs VP Clay Bavor, who also runs Project Starline, a video chat booth that shows the person you're chatting with in front of you in virtual reality.
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