February 5, 2023
The U.S. chipmaker Qualcomm shows its era at Cell Global Congress in Shanghai, China on June 28, 2019. (Reuters/Aly Music/Recordsdata)

The U.S. cell phone chip producer Qualcomm has received Ukraine-founded startup Augmented Pixels for an undisclosed quantity, Forbes Ukraine reported on Jan. 15.

Augmented Pixels, based via Ukrainian Vitaliy Goncharuk, develops digital and augmented truth instrument.

The corporate hasn’t but revealed an respectable remark concerning the acquisition, but it surely modified its bio on Twiter on Friday, Jan. 15, announcing that it’s been received via Qualcomm. Goncharuk additionally modified his present task place on LinkedIn to Director of Engineering at Qualcomm.

Qualcomm is likely one of the most precious tech firms within the U.S. with a marketplace capitalization of over $211 billion. Qualcomm, which sells its tech to giants like Apple, used to be probably the most Augmented Pixels’ purchasers, at the side of different electronics firms like LG and Intel. Augmented Pixels’ instrument is helping robots to navigate with out GPS. It additionally works on tech referred to as 3-D mapping, which is used to show actual gadgets into three-d digital fashions.

Since Goncharuk based the corporate in 2010 in Ukraine’s southern town Odesa, Augmented Pixels has attracted $7 million of funding. Amongst its traders are Funding Capital Ukraine, Aventures Capital, 408 Ventures, Steltec Capital, The Hive, and T. Ravi.

Lots of them made a go back on their funding, however it’s inconceivable to calculate how a lot they were given since the startup doesn’t divulge its valuation and the distribution of stocks.

Ukrainian company Adventures Capital made an funding in Augmented Pixels in 2013 – its first funding on this box.

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“Aventures Capital used to be the only real investor of Augmented Pixels in 2013-2015 and had nice religion in its workforce,” mentioned the fund’s managing spouse Yevgen Sysoyev.

In 2021, Forbes valued Augmented Pixels at $20-40 million.

Augmented Pixels may just assist Qualcomm to expand prolonged truth – a era that permits people to overlay virtual options onto the true international the usage of digital truth headsets or prolonged truth glasses.

The era suits in Qualcomm’s new trade technique. It has not too long ago stepped into the self reliant riding and digital truth markets.

Augmented Pixels moved its headquarters to Palo Alto, California in 2014, even if two of its building places of work stay in Ukraine, the place it employs as much as 80 folks.

In 2016, Augmented Pixels used to be identified as probably the most biggest participants to laptop imaginative and prescient – a box of science serious about how computer systems can acquire high-level figuring out from virtual pictures or video – at the side of giants like Apple, Google, Microsoft and Sony.