Apple quietly acquires Israeli 3D avatar startup TrueMeeting

Apple quietly acquired the Israeli company TrueMeeting earlier this year for an undisclosed amount. According to a report by the Israeli Competition Authority, the deal was officially approved in January The acquisition, which has remained under the radar until now, strengthens Apple’s work in the 3D space.

TrueMeeting, previously known as CommonGround AI, was founded by Amir Bassan-Eskenazi (CEO and co-founder) and Rani Oz. Its backers include Dov Moran’s Grove Ventures and Matrix Partners, among others. The founders were also behind BigBand Networks, which went public on Nasdaq in 2007.

TrueMeeting’s main focus is on developing technology that allows users to create responsive 3D avatars in real time by scanning their faces with smartphones. These avatars can be used in various video applications. According to the report, the company has raised about $45 million to date.

Apple’s development centers in Israel are built on a series of local acquisitions and an intensive recruitment push in recent years. In December 2011, Apple bought Anobit Technologies for $400 million. Anobit developed a chip that optimizes flash memory using proprietary signal-processing technology. The company’s chips were integrated into Apple’s flagship products, including the iPhone, iPad, and MacBook Air, even before the acquisition.

In 2013, Apple acquired PrimeSense for $345 million. PrimeSense, well known as the company behind Microsoft’s Kinect motion-sensing system for the Xbox 360, developed technology that translates body motion into computer input. Its system, combining both software and hardware, includes a 3D sensor that can detect and recognize movements and facial expressions.

Other Israeli companies acquired by Apple include LinX Computational Imaging in 2015, RealFace (formerly Pickeez) in 2017, and the photography startup Camerai in 2019.

Continue Reading