Verizon Acquires Software and Technology of Augmented Reality Startup Jaunt XR

Verizon Acquires Software and Technology of Augmented Reality Startup Jaunt XR

Jaunt XR, an AR start-up, has announced the acquisition of its assets. Reportedly, Verizon has purchased all software and technology along with some other properties of Jaunt. Remarkably, the announcement does not reveal whether Verizon is procuring the augmented reality startup. Even more, it is unclear whether the company will keep functioning separately. Thus the exact terms of the deal remain mysterious. As a part of the bid, Verizon will be the owner of Jaunt’s technology and software. Mitzi Reaugh, Jaunt’s CEO, said they are excited with the acquisition deal…

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