Xinova and Aetho Join Forces On Tools For VR and AR
An agreement, stated in a report by geekwire, took place last week involving Xinova (Seattle-based invention factory) and Aetho (San Franciso-based venture.) These two companies have struck a deal with each other.
The article states that Aetho are to license intellectual property from Xinova in support of its push into AR and VR products. Intellectual property managed by Xinova is critical to Aetho’s plans. Xinova is a standalone company which focuses on co-development of innovations by a network of 10,000 inventors in more than 30 countries.
Harrison Lee, Co-founder and CEO of Aetho said in a statement when announcing the agreement: “Behind the scenes, we’ve worked tirelessly to push the limits of visual engagement. We delved into 3-D imaging in our infancy, knowing full well the proliferation of AR/VR consumption devices would soon catch up”.
As well as Aetho being Xinovas latest collaboration they also collaborate with other companies such as Robotic Vision Technologies, Eden Research, Retrace, Coffee Flour and Collins Woerman. Their CFO and Head of Investments, DG Kim as spoken out about this agreement. “The AR/VR space is a wide-open playing field, ripe for mass market adoption, and we believe that Aetho has the power to change the ways that people interact in both business and leisure scenarios through the use of both AR and VR.”