Beijing, 13th April: The leading Chinese-language Internet search provider, Baidu, Inc., recently announced its acquisition of xPerception, for an undisclosed sum. xPerception is a U.S. technology company that provides visual perception software and hardware solutions for a wide range of applications.
The acquisition is expected to strengthen the use of Baidu’s visual perception technology in key projects. Under the terms of the deal, the core xPerception team will join Baidu Research and will continue developing xPerception’s core technology, visual inertial simultaneous localization and mapping (SLAM).
xPerception was founded by two key engineers at AR start-up Magic Leap, Dr. Bao Yingze and Dr. Chen Mingyu. The company is a technology start-up with leading engineering talent from China and the U.S. The company developed a 3D visual inertial camera and its software and hardware solutions are currently being deployed in many projects in China and the U.S.