Snap reportedly acquired augmented reality startup

Snap reportedly acquired augmented reality startup Cimagine Media for up to $40 million Snap has reportedly made an investment in augmented reality, purchasing the Israeli-based startup Cimagine Media in a deal that’s said to be worth between $30 million to $40 million.Originally reported by Calcalist News, through this purchase, Snap will establish a development center in the Middle East, one where it will eventually employ more than the 20 people currently working at Cimagine Media.Founded f #Internet #Snapchat #Aquisition

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