Waypoint Labs

Waypoint Labs is the American startup created in 2016 in the Massachusetts Institute of Technology. The company develops the software allowing to create three-dimensional graphic instructions in real time for augmented rReality glasses, such as Microsoft Hololens.

History

2018: PTC purchased Waypoint Labs

On June 18, 2018 the PTC company (Parametric Technology Corporation) announced Waypoint Labs acquisition. This third purchase in the market of augmented reality (AR) for software maker for design and product lifecycle management.

Commenting on merger of Waypoint Labs, the CEO of PTC Jim Heppelmann at the LiveWorx conference called the company "a new method for writing of work instructions".

PTC made the third purchase in the market of augmented reality

This software simplifies to people understanding of how process is actually executed and as it is transformed back to instructions for all who will be used by them later — he noted.

During Jim Heppelmann's performance on LiveWorx it was shown how by means of software of Waypoint a set of instructions for laboratory processing is created, using a set of gestures and voice commands together with the AR headset. The solution Waypoint transformed these gestures and commands in a row of interactive texts and images which were transferred to the headset.

According to the head of PTC, AR business brings the companies about $20 million revenue and grows for 100%. Earlier Reality Editor and Vuforia companies which also specialize in technologies of augmented reality were purchased. Developments of Vuforia formed afterwards the basis in AR functionality of the ThingWorx IoT platform, and all AR products PTC began to extend under the Vuforia brand.

According to the statement of PTC, developments of Waypoint can find application in different industrial projects. For example, producers can create and distribute the operation manual and other documentation to the released products.^[1]

Notes