In a bid to bolster its presence in AR, Meta has taken over the smart eyewear innovator Luxexcel.
In Brief
With this acquisition, Meta is making strides into the augmented reality (AR) landscape by partnering with the optics firm Luxexcel.
Luxexcel, a pioneer in 3D printing, specializes in creating prescription lenses and intricate glass lenses specifically designed for augmented reality applications.
Meta has acquired Meta's acquisition of Luxexcel could prove beneficial for its AR initiatives, particularly regarding the development of its inaugural AR glasses, though the financial details of the deal remain undisclosed.
Founded in 2009 and based in the Netherlands, Luxexcel initially concentrated on 3D printing solutions for sectors such as industrial optics, automotive, and aerospace. Today, it also serves the eyewear market by producing tailored prescription lenses along with advanced AR glass lenses.
In 2020, Luxexcel ventured into the smart eyewear sector, merging 3D-printed prescription lenses with cutting-edge technology. This journey led to a collaboration with the British company WaveOptics in 2021, which was later acquired by Snap, the parent company of Snapchat.
In September 2021, Meta revealed Products like the Ray-Ban Stories smart glasses enable users to take photos, record videos, and engage in voice-controlled calls seamlessly via Meta applications, including WhatsApp and Messenger.
Rumors say There are indications that Meta may introduce its first AR glasses by 2026, with Lumexcel poised to supply the lenses that could potentially offer a more economical option compared to other technologies in the market. With this strategic acquisition, Meta is looking to cement its foothold in the expansive and rapidly evolving augmented reality sector. .
“This continues a trend The AR realm is witnessing a surge of interest from tech giants like Meta, Apple, and Google, alongside competitors such as Snap and Vuzix, all vying to secure crucial components within the AR supply chain. This elevation of early-stage technologies might impede the market's long-term progress, according to industry expert Karl Guttag.
said Additionally, the FTC is taking measures to prevent Meta from acquiring the virtual reality fitness application 'Within', citing monopolistic concerns and alleging that Meta is attempting to dominate the VR industry while asserting its influence over the metaverse.
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In line with the Trust Project guidelines Agne is a journalist dedicated to exploring the latest developments in the metaverse, AI, and Web3 sectors for Metaverse Post. With a deep-seated passion for narrative, she has conducted many interviews with industry experts, constantly on the hunt for narratives that captivate and inspire. Agne holds a bachelor's degree in literature and has a rich history of writing across diverse subjects such as travel, art, and culture. She has also served as an editor for an animal rights organization, contributing to the advocacy of animal welfare issues. Reach out to her at
