Flutter, a tech-based startup focused on gesture recognition technology announced on Wednesday that the company has been acquired by Google.
Based in San-Francisco, the three year old startup uses a device’s webcam to read the hand gestures of a user allowing him/her to control various audio/video apps like YouTube, iTunes, VLC, Pandora etc.
Navneet Dalal, CEO of Flutter announced the acquisition on the company’s home page saying that the team will continue its research at Google and keep its own app running with introduction of future updates as well. “We are thrilled to announce that we will be continuing our research at Google. We share Google’s passion for 10x thinking, and we’re excited to add their rocket fuel to our journey,” said Navneet.
No details on the price or the terms of the deal were released by the company but another publication reports that the cost of acquisition could be somewhere around $40 million.
Talking to TheNextWeb, Google said that “We’re really impressed by the Flutter team’s ability to design new technology based on cutting-edge research. We look forward to supporting and collaborating on their research efforts at Google.” – without giving much on what drove Google to buy Flutter. So for now, It’s quite unclear whether Google will keep Flutter’s team working on standalone apps or whether it will use Flutter’s technology for its own products’ development.
Flutter, in 2012, received $1.4 million in funding from Y Combinator, Andreessen Horowitz, New Enterprise Associates, Spring Ventures, and Start Fund.
To contact author email firstname.lastname@example.orgCategory Investments News