Mantis Vision buys US co Alces Technology

Mantis Vision Photo: Website

The Petah Tikva based company, which offers advanced 3D content capture and sharing technologies, has acquired the Utah based depth sensing startup.

Israeli 3D mobile sensing developer Mantis Vision today announced that it has completed the acquisition of US company Alces Technology Inc. No financial details were disclosed although sources suggested the acquisition was for about $10 million. Earlier this month Petah Tikva based Mantis Vision raised $55 million and the company has raised $84 million to date.

Based in Utah, Alces is a depth sensing startup with patented high-resolution structured light depth capture technology.

Mantis Vision offers advanced 3D content capture and sharing technologies for a wide array of applications, including 3D cameras for smartphones, AR/VR devices, professional scanning cameras and live 3D volumetric studios. Headquartered in Israel, the company has offices in the US, China and Slovakia.

Mantis Vision’s current patented structured light smart decoding technology offers significant advantages to other approaches, with higher accuracy and resolution, less noise, and high resilience to motion artifacts, enabling Mantis Vision to build quality 3D sensing devices and content at the best price and performance in the market. Alces technology will contribute to and expand Mantis Vision's technological advantages to new horizons. Mantis Vision's technology was recently incorporated into the Xiaomi Mi8 flagship mobile phone for facial authentication with amazing point cloud density.

Mantis Vision founder and CEO Gur Arie Bitan told "Globes" that Alces employees would join Mantis's operations in the US. Bitan said, “The Alces acquisition marks the beginning of Mantis Vision’s external growth to accelerate our go-to-market strategy, expand our technology portfolio and attract new talent.”

“Mantis Vision is uniquely positioned to drive the future of the 3D sensing industry with strong IP in hardware, software, systems integration and content creation. The component-level expertise and novel technology that Alces brings to Mantis Vision will enhance our portfolio of complete depth capture solutions.”

He added, “From telepresence, security, content creation, mobile and volumetric scanning, Mantis Vision is leading innovation in 3D acquisition and sharing. Alces is a great match and we look forward to bringing their innovations to market. Alces will be rebranded Mantis Vision, Inc. and operate as an R&D center and serve as a base for commercial expansion in the US."

Alces CEO Rob Christensen said, “We are delighted to join the Mantis Vision family and contribute to next-generation depth sensing solutions with our high-resolution technology. Our combined knowledge in hardware and optics, along with Mantis Vision’s expertise in algorithms and applications, will enable an exciting new class of products employing high-performance depth sensing.”

Published by Globes [online], Israel business news - www.globes-online.com - on July 31, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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Mantis Vision Photo: Website
Mantis Vision Photo: Website
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