Inpixon (INPX) Enters Growing Mobile Augmented Reality Market with Acquisition of AR, Computer Vision and 3D Reconstruction Technologies


Receive instant alerts when news about your stocks is available. Claim your 1-week free trial for StreetInsider Premium here.


Inpixon (Nasdaq: INPX), the Indoor Intelligence ™ company, today announced the acquisition of a suite of augmented reality (AR), computer vision, location, navigation, mapping and reconstruction technologies 3D, including patents, trademarks, software and property, of Visualix. The solutions take advantage of patent-pending technologies and a smartphone’s on-board camera and sensors to create 3D models of interior spaces; position the user on a map with centimeter precision; provide step-by-step, visually guided navigation; overlay virtual artifacts on the live map displaying key information, such as room name, amenities, photos or reviews; and make the browsing experience shareable with others.

Independent researchers have validated the benefits of AR mapping and the growth potential of the market. Cornell University “AR Mapping: precise and efficient mapping for augmented reality“The study reports that” Augmented reality (AR) has gained increasing attention from the research and industry communities. By superimposing digital information and content on the physical world, AR enables users to experience the world in more informative and effective ways. Markets and markets predicts that the mobile augmented reality market will grow at a compound annual growth rate of 31.1%, from $ 7.6 billion in 2020 to $ 29.5 billion by 2025, and states that the One of the driving factors driving the growth of the mobile augmented reality market is the increased interest of large tech companies in mobile AR applications.

AR Industry Editor ARNote reviewed the Visualix solution and wrote, “Visualix is ​​one of the leading platforms for creating persistent maps and models of real spaces.” They also said: “3D mapping like that required for Visualix has historically required expertise, time and advanced technology. However, developers using Visualix can perform these analyzes using smartphone cameras.” The article describes the Visualix platform as “a unique and powerful tool for organizations wishing to adopt navigation in AR applications”.

“The merging of the virtual and physical worlds can transform the way we interact with our environment, tell stories and use information,” noted Nadir Ali, CEO of Inpixon. “The opportunities for augmented reality and computer vision to create smarter, safer and more secure spaces are almost limitless – from navigation, asset tracking and smart desktop applications to customer service, marketing and to gamification. Existing and potential customers have already expressed a desire for AR technologies. This acquisition illustrates our commitment to continuous innovation and the integration of cutting edge and cutting edge technologies, positioning Inpixon to be able to respond to this next wave of technological demand.

Soumya Das, COO of Inpixon, added: “The simultaneous localization and mapping of the Visualix solution (CLICK) and associated technologies can enable the creation and location of maps without the need for external beacons or sensors, which can simplify development and deployment. We intend to integrate and leverage these spatial computation and visual positioning technologies to pursue new verticals and improve existing offerings. We believe that the technology and talent brought to Inpixon with this transaction will be a game-changer and open up significant new opportunities in the commercial, industrial and consumer markets. “

Michael Bucko, Co-Founder of Visualix, said: “Our co-founder Darius Pajouh and I are very excited to join the Inpixon team and start integrating computer vision and augmented reality technologies into the platform. Inpixon Indoor Intelligence. ” Darius Pajouh added, “We believe AR and its associated features are becoming mainstream and are about to become part of the daily experience of almost every smartphone user. Inpixon is the perfect home. for Visualix technologies, and we look forward to bringing the extraordinary power and benefits of AR and spatial mapping to businesses and their employees around the world. “


Source link

About Chris McCarter

Check Also

HPS Home Power Solutions joins the European Clean Hydrogen Alliance

DGAP-News: HPS Home Power Solutions GmbH / Keyword (s): Miscellaneous17.05.2021 / 10:00 The issuer is …

Leave a Reply

Your email address will not be published. Required fields are marked *