Spaces

Spaces is founded in 2016 by veterans of DreamWorks Animation. The company is engaged in product development of virtual reality (VR), including a superstructure of Zoom which allows users to carry out video conferences in virtual reality using the animated avatars.

History

2020: Apple purchased Spaces

At the end of August, 2020 Apple purchased Spaces at the price which it did not begin to disclose week. Before Spaces company stopped providing all the services without further explanations. On the official site of Spaces it is only mentioned that now the startup "moves in the new direction".

Thanks to our users and partners who took part in our project on creation of VR tools for a video conferencing and also to many people who liked our entertaining VR attractions in theme parks, theaters, - Spaces stated.

Apple purchased the developer of technologies for conferences in virtual reality of Spaces

The companies did not begin to comment on the transaction. So far it is unknown whether the Spaces command will join any project of Apple connected with VR. However it is known that Apple works on the combined AR/VR headset which release is planned for 2021. Bloomberg reports that the headset will have displays with high resolution and "the cinema system of loudspeakers". Thanks to these new products the user should not notice a difference between this world and virtual reality which is created by the headset. And as Apple continues to invest in development of ARKit and its new features, it is possible to expect that the purchased technologies will be united in the new product offering enhanced capabilities to augmented and virtual reality.

According to PitchBook, by the end of August, 2020 Spaces attracted from investors in total $9.5 million. The pandemic of a coronavirus of COVID-19 forced the company to take the credit for salaries on Paycheck Protection Program and to dismiss a part of employees.^[1]

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