Google acquires Raxium in augmented reality push

Google has acquired Raxium, a five-year-old Bay Area startup working on microLED display technologies for wearables and augmented and virtual reality (AR and VR) headsets.

“Raxium’s technical expertise in this area will play a key role as we continue to invest in our hardware efforts,” Rick Osterloh, senior vice president of devices and services at Google, wrote in a blog post. The Raxium team will immediately join Google’s devices and services team.

The financial terms for the deal were undisclosed, but could be as much as $1 billion according to earlier reports by The Information.

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