Google paid a reported $180m for Amazon and Intel-backed North Wearables, the augmented reality glasses developer having sought a buyer since spring.
North Wearables, a Canada-based augmented reality (AR) glasses developer backed by e-commerce and internet group Amazon and chipmaker Intel, was acquired by internet technology provider Google on Tuesday.
Financial terms of the deal have not been disclosed but a source told the Globe and Mail that Google had paid approximately $180m for the company. The announcement follows reports in March 2020 that North had been seeking a buyer since the middle of 2019.
Founded in 2012 as Thalmic Labs,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
