Apple’s 2020 Buying Spree: Tech Giant Reportedly Acquiring NextVR For About $100M

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Apple done headlines this weekend for donating 20 million face masks and operative to make 1 million face shields a week to residence a necessity of protecting apparatus for health caring workers treating coronavirus patients.

But it’s also been bustling doing something else. Namely, appropriation startups.

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On Apr 3, Bloomberg reported a tech behemoth had acquired Voysis, an synthetic comprehension startup that grown a height for digital voice assistants to improved know people’s healthy language. The cost it paid for a Irish startup, that is believed will assistance continue to urge Siri, was not disclosed. According to Crunchbase data, Voysis had lifted $8 million given it was founded in 2012.

And on Mar 31, it was announced that Apple had acquired continue app DarkSky, that was not venture-backed.

Then reports over a weekend emerged that Apple had picked adult another startup, NextVR, for about $100 million. An merger has not nonetheless been confirmed, though a accumulation of Apple-focused news outlets reported a news, including 9to5mac.com, that pennyless it.

Newport Beach, California-based NextVR has a decade of knowledge marrying practical existence with sports and entertainment, records 9to5mac.com. It now provides VR practice for observation live events with headsets from large players such as PlayStation and Microsoft.

NextVR has lifted about $115.5 million in try appropriation given a 2009 inception, according to Crunchbase data. Its final lift was an $80 million Series B, that sealed in 2016 and was led by China’s CITIC Group. Other investors in a association embody Comcast Ventures, Formation 8, RSE Ventures and Time Warner Investments.

According to 9to5mac.com, NextVR “failed to secure a Series C turn of appropriation in early 2019, however, that resulted in a 40% staff rebate during a time. NextVR’s concentration on practical existence was seen as a risk with a arise of protracted existence technology.”

I’ve reached out to a association for criticism and will refurbish this story if we hear back.

In a meantime, we suspicion this would be a good time to take a demeanour during Apple’s merger activity. In 2020 so far, a iPhone-maker has acquired 3 companies: a aforementioned DarkSky and Voysis, and AI-on-the-edge startup Xnor.ai (which we reported on here). NextVR would symbol a fourth pickup this year. In all of 2019, Apple acquired 8 companies, according to Crunchbase data. So if this latest news is accurate, Apple has acquired, by early April, half a series of companies it acquired in all of 2019. And, 3 of those acquisitions would have taken place in a past week alone.

Disclosure: The reporter’s father is an worker of Apple.

Illustration: Li-Anne Dias

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