Oculus has acquired Tyndall spinout InfiniLED, which produces high-quality displays with low power consumption.
InfiniLED, a display technology producer spun out of Tyndall National Institute, a research institute of University College Cork, has been acquired by virtual reality headset maker Oculus, RTÉ reported yesterday.
Financial terms were undisclosed, but the deal was reportedly worth several million euros (€1m = $1.1m).
InfiniLED’s technology enables high-quality displays that consumer 20 to 40 times less power while generating four times more light, resulting in prolonged battery life for devices such as cameras, mobile phones, laptops or virtual reality headsets such as Oculus’ lead product Oculus Rift.
The technology is based on research conducted by Brian Corbett and was founded in 2010.
InfiniLED raised a €1.6m funding round led by IL Investment Group in 2012. Enterprise Ireland, the export development agency of the Irish government, contributed to that round.
Kieran Drain, chief executive of Tyndall National Institute, said: “It is exciting to see that Oculus, a vibrant and leading-edge company, appreciates both the technology and the strength of the ecosystem that the InfiniLED team sits in.”
