Google is acquiring Raxium, a hardware startup focused on augmented and mixed reality devices, The Information reported in March 2022.
Updated May 5, 2022: Google has now confirmed the acquisition.
In a blog about the deal, Rick Osterloh, Google's senior VP of devices and services, wrote:
"Today we’re announcing that Google has acquired Raxium, an innovator in single panel MicroLED display technologies. The team at Raxium has spent five years creating miniaturized, cost-effective and energy efficient high-resolution displays that have laid the foundation for future display technologies. Raxium’s technical expertise in this area will play a key role as we continue to invest in our hardware efforts."
Google Buys Raxium Holographic Display Technology
Raxium, founded in 2018, develops a holographic display technology "created to seamlessly fuse digital and physical worlds," according to Pitchbook. The Fremont, California-based startup has 41 employees listed on LinkedIn.
A Raxium teaser on LinkedIn states: "The next big thing in displays will come from thinking REALLY REALLY small, and 1000x brighter."
This is technology M&A deal number 275 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Story originally published March 16, 2022. Updated on May 5, 2022, with deal confirmation.