Verizon Purchases Entirety Of Jaunt XR's AR Technology - VRScout

Verizon's acquisition will include Jaunt's volumetric capture and machine learning technology. It's been a rocky couple of months for Jaunt XR. Late last year the software development startup conducted a series of layoffs to its staff as part of the companies transition from VR content to the development of AR technology with a focus on volumetric video capture. In November, the company began seeking buyers for its VR business and this past December company co-founder Arthur van Hoff announced his departure from the organization. Today, Jaunt announced the sale of all company assets to Verizon Communications Inc. as part of a new acquisition by the multimedia corporation.