Business

Facebook takes over Scape to acquire the brand Visual Positioning System which makes literally everything possible on your pocket buddy!

A new term has come to the Facebook market. It’s the Visual Positioning System.

What is Visual Positioning System?

The Visual Positioning System is a breakthrough in location-based AR. The system uses computer vision to estimate the position of a User’s phone in an Urban Scenario. The latitude and longitude of the phone come to an account with respect to the surrounding environment.
The feature uses just a small camera. It gives position and orientation information of the assets. The feature also has a good cm range of relative accuracy. Sizes range from 5 cm to 30 cm. There is absolutely perfect positioning and orientation.
The most advantageous part is the feature comes at a low cost. There are no beacon or anchor costs. The maps are easy to learn, and you can fly anywhere.

It is, in fact, highly scalable. The feature can be used indoor and outdoor. Areas may be denied of GPS. Areas may be large and small. But it never affects the functioning of the feature. Forklift tracking, Stock tracking, and AGV/AMR tracking are easily available.
Features under retail brick and mortar include cart tracking, stock analytics, and cleaning robots.
Consumer robotics such as robot navigation, home mapping, and obstacle avoidance are basic features. The Intermodalics Visual Positioning System, at its core, provides inspection, remote sensing, plus asset tracking.
Facebook has come to the headlines because it has acquired London based startup Scape Technologies. The Scape technologies are working hard on the Visual Positioning System.

Facebook and Visual Positioning System

 Facebook now has control over more than three-quarters of the company. The deal was around $40 million based on other filings. Two of Scape’s previous venture capital representatives have now been replaced by Facebook executives on the company’s board.
Two of the company’s backers, Entrepreneur First and Fly Ventures, had exits to Facebook as well when the social media giant acquired Bloomsbury AI.

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