image credit : Niantic Major Augmented Reality game and software developer Niantic notable for having spun out of Google in 2011 and being the developer of major game hit Pokémon GO which currently counts as the fastest game to gross over $1 Billion in revenue globally on the app store which currently counts over 5 million daily players and over 100 million downloads on the Google Play store alone has now acquired Computer Vision and 3D Machine Learning company Matrix Mill in a bid to integrate its neural software to its suite of several AR services. This represents the third acquisition for Niantic which has acquired other AR startups consisting of Escher Reality and animation startup Evertoon. Matrix Mill based out of London was started just last year by a team of three scientist co-founders from the University College of London to build "deep neural networks that can infer the complete 3D information about the surrounding world from one or more cameras" and with th
A very big new acquisition has happened in the tech industry, with Okta (NASDAQ: OKTA), the publicly-traded cloud identity and access management software provider, announcing an agreement to buy Auth0, a fellow cloud identity software provider, for a price of $6.5 billion to be paid all with shares. A $6.5 billion exit for Auth0 marks a major win for the startup scene in Seattle, the tech hub where Auth0 is based and also a major win for the company's backers and investors. Auth0 last raised venture funding last year in July with a $120 million Series F round that valued the company at $1.9 billion. Now, it's about to sell for more than triple that amount. Auth0 has raised more than $330 million in total venture funding, with investors including the likes of Salesforce Ventures, Bessemer Venture Partners, Telstra Ventures, Sapphire Ventures, and DTCP. Salesforce Ventures led Auth0's most recent $120 million Series F round. With its acquisition of a fellow cloud identity a