Amazon has acquired 3D body model startup, Body Labs, for $50M-$70M | #Acquisitions | 21st Century Innovative Technologies and Developments as also discoveries, curiosity ( insolite)... | Scoop.it
From techcrunch.com - October 4, 2017 9:56 AM
TechCrunch has learned that Amazon has acquired Body Labs, a company with a stated aim of creating true-to-life 3D body models to support various b2b software applications — such as virtually trying on clothes or photorealistic avatars for gaming.

One source suggested the price-tag Amazon paid for Body Labs could be $100M+. However a second well-placed source suggested it’s closer to $70M than $100M — so we’re pegging it at between $50M and $70M.

An Amazon spokeswoman declined to comment on the acquisition.

New York based Body Labs was founded in March 2013, according to CrunchBase, and had raised more than $10M across two investment rounds — closing an $8M Series A in November 2015.

The company says its AI, computer vision, and body modeling expertise stems from research started at Brown University and the Max Planck Institute for Intelligent Systems.

 

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