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Verizon buys augmented reality startup's software, other assets

Verizon Communications Inc. acquired augmented reality startup Jaunt XR's software, technology and certain other assets for an undisclosed amount.

Jaunt Inc. d/b/a Jaunt XR will help Verizon with the transition of select portions of the software and technology for a brief period of time, according to a Sept. 30 news release.

Jaunt enables the scaled creation and distribution of volumetric video through machine learning. Jaunt is backed by Walt Disney Co., Madison Square Garden Co. and Sky Ltd., among other investors.