U.S. chipmaker giant Qualcomm acquired Ukrainian startup Augmented Pixels for an undisclosed amount. Augmented Pixels develops virtual and augmented reality software.
- Qualcomm is one of the most valuable tech companies in the U.S. with a market capitalization of over $211 billion.
- Qualcomm has recently registered legal entity in Ukraine and representative office in Kyiv.
- In 2013, Ukrainian AVentures Capital has acquired a 25% equity stake in Augmented Pixels, one of the world’s leading augmented reality technology developers.
- Since 2010, Augmented Pixels has attracted $7 million of investment. Among its investors are Investment Capital Ukraine, Aventures Capital, 408 Ventures, Steltec Capital, The Hive, and T. Ravi.
- Founded in 2010 by Vitaliy Goncharuk, under brand name AR23D Studio, Augmented Pixels set up research and development center in Odesa, Ukraine.
- The company moved its headquarters to Palo Alto, California in 2014, although two of its development offices remain in Ukraine, where it employs up to 80 people.
- In 2016, Augmented Pixels was recognized as one of the largest contributors to computer vision – a field of science focused on how computers can gain high-level understanding from digital images or video – along with giants like Apple, Google, Microsoft and Sony.