Facebook guardian firm Meta has acquired Luxexcel, a Dutch startup specializing in good eyewear. News of the acquisition was first reported by and later confirmed by . “We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” a Meta spokesperson informed the outlet. The firm didn’t disclose the monetary phrases of the deal.
Founded in 2009, Luxexcel started life as a prescription lens producer. More not too long ago, the corporate has made a reputation for itself within the augmented actuality area. At the beginning of 2021, for example, it , the show producer Snap later that very same 12 months to purchase. As TechCrunch factors out, there are additionally rumors Luxexcel beforehand labored with Meta on the corporate’s .
The acquisition comes as Meta faces regulatory scrutiny from the Federal Trade Commission over its buy of Supernatural developer Within. The company in July to dam the deal. The social media large additionally faces criticism over simply how a lot it is spending to additional its metaverse ambitions. In October, a month earlier than the corporate , Meta informed buyers Reality Labs, its digital and augmented actuality unit, misplaced greater than $9 billion in 2022. It went on to foretell the division’s working losses had been more likely to “grow significantly year-over-year” in 2023.
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