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Facebook buys Israeli co Pebbles Interfaces for $60m

The Kfar Saba startup has developed technology for operating a computer through hand and finger gestures.

Facebook is acquiring Israeli startup Pebbles Interfaces, which has developed technology for operating a computer through hand and finger gestures. Pebbles Interfaces has raised $16 million to date from companies like leading Chinese mobile manufacturer Xiaomi, Giza Venture Capital, SanDisk Corporation (Nasdaq:SNDK), and others. The "Wall Street Journal" reports that Facebook has agreed to pay $60 million for Pebbles Interfaces, making it the company's fourth acquisition in Israel.

Pebbles Interfaces confirmed the acquisition on its site saying, "We Are Joining Oculus. For the last 5 years, we’ve been focused on building a technology that extends human behavior, enabling simple and intuitive interaction with any consumer electronic device. At the same time, we’ve seen virtual reality make huge strides, changing the way people interact with one another. At the forefront of that shift is Oculus, and joining Oculus will help advance our vision building immersive experiences and revolutionizing digital human interaction.Thank you to our partners, employees and investors for your support as we’ve grown. We’re looking forward to starting our next chapter as we join the team at Oculus!"

Source: Globes

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