Facebook acquires CTRL-labs for $1 billion

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Facebook Inc has bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC said was valued at $1 billion.

Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post.

CTRL-labs will join Facebook Reality Labs team, Bosworth said, without giving any financial details.

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Facebook said it intends to use the neural interface technology of CTRL-labs in developing a wristband that connects to other devices intuitively.

“The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” Bosworth said.

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Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

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