In September 30, 2019 – Jaunt XR has today announced the acquisition of its software, technology, and certain other assets by Verizon Communications Inc. for an undisclosed amount. Jaunt XR operates in the immersive industry with a focus on the scalable creation and distribution of volumetric video of humans through machine learning.
“We are thrilled with Verizon’s acquisition of Jaunt’s technology,” said Mitzi Reaugh, President & CEO of Jaunt XR. “The Jaunt team has built leading-edge software and we are excited for its next chapter with Verizon.”
Jaunt will be assisting Verizon with the transition of select portions of the software and technology for a brief period of time.
Headquartered in San Mateo, California, Jaunt’s investors include Evolution Media Partners, CMC, Highland Capital Partners, Redpoint Ventures, SMG, Axel Springer, The Walt Disney Company, The Madison Square Garden Company, and Sky.
Image credit: Jaunt XR
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Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.