Meta purchases Luxexcel, a smart lensmaker, to expand its AR ambitions

Facebook parent company Meta acquired Luxexcel, a Dutch startup that specializes in smart eyewear. First news of the acquisition was reported by Later, it was confirmed by . “We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” a Meta spokesperson told the outlet. The financial terms of the deal were not disclosed by the company.

Luxexcel was established in 2009 as a manufacturer and distributor of prescription lenses. Luxexcel has become a prominent player in the augmented reality market. For example, at the beginning 2021 it Snap, the display manufacturer Later that year, you can also buy. As TechCrunch points out, there are also rumors Luxexcel previously worked with Meta on the company’s .

Meta is now under regulatory scrutiny by the Federal Trade Commission for its purchase of Meta. Supernatural Developer Within. The agency The deal was halted in July. It is also being criticized for how much it spends to advance its metaverse ambitions. The company reported October results in October, one month earlier than the previous month. Meta informed investors that Reality Labs, its virtual- and augmented reality division, had lost more than $9B in 2022. It went on to predict the division’s operating losses were likely to “grow significantly year-over-year” in 2023.