Facebook is acquiring Pebbles Interface
Facebook is acquiring Pebbles Interface which specializes in tech that detects hand movements and generates them in a virtual world.
Pebbles Interfaces is an Israeli company and is based in Kfar Saba. This is Facebook’s fourth acquisition in Israel. The transaction is worth $60 million.
Pebbles Interfaces made the announcement on its website, saying it was joining Oculus, which Facebook acquired for $2 billion. The acquisition is being made through Oculus.
“For the last 5 years, we’ve been focused on building a technology that extends human behavior, enabling simple and intuitive interaction with any consumer electronic device,” the announcement said. “At the same time, we’ve seen virtual reality make huge strides, changing the way people interact with one another. At the forefront of that shift is Oculus, and joining Oculus will help advance our vision building immersive experiences and revolutionizing digital human interaction.”
It is not known whether the company’s employees will remain in Israel or not, according to Globes.