Lithuania & UK-based EF EVE Ltd., known for its user-friendly volumetric and spatial capture software, has been acquired by Djinn Technologies Ltd., a company specializing in advanced volumetric and spatial camera sensor and scanning technologies. The acquisition includes all assets, patents, and intellectual property of EF EVE Ltd. Djinn will rebrand EF EVE’s technology as SpatialScan3D, offering intelligent markerless camera sync and patented lossless spatial data compression technology. This acquisition enables Djinn to expand its offerings in 3D scanning, capture, and streaming, with plans to offer two distribution platforms: SpatialScan3D SaaS for consumers and businesses, and SpatialScan3D Arcadia for enterprise, military, and academia.
EF EVE Ltd. was founded in 2013 by Agnis Stelingis and was based in the United Kingdom and Lithuania. The firm was known for its proprietary algorithms that enabled high-quality volumetric and spatial video capture and live streaming using affordable sensors. Their lossless compression codec made streaming 3D content on mobile devices a “near-reality” experience.
The software can calibrate from 6 to 10 or more sensors within seconds. This feature is driving industry leadership status in volumetric and spatial video solutions.
Djinn will offer two platforms for distribution, and new functionality for sharing spatial video on the web. SpatialScan3D SaaS (Spatial-as-a-Service) is for consumers and businesses. SpatialScan3D Arcadia (S3D Arc) is for enterprise, military and academia. S3D Arc features native quantum-resistant end-to-end encryption, mobile, and native ISO/SoC2 compliance. It will be available as a service or self-hosted on location. Both virtual and augmented reality environments (AR & VR) will be fully supported.
Until now, high costs and technical barriers means volumetric video has been reserved for large groups with big teams and deep pockets who can afford thousands of dollars per minute of video produced. Djinn’s disruptive approach maintains quality and can be delivered using a mobile rig at a fraction of the cost.
“EF EVE’s ground-breaking technology in volumetric video capture and distribution complements our existing proprietary technologies simplifying real-time volumetric capture, allowing us to offer a broader range of innovative solutions to consumers and our clients. The acquisition of EF EVE Ltd. marks a significant milestone for Djinn Technologies as we expand our footprint in the realm of innovative software solutions, and I am proud that we can provide a new home for one of the original pioneers of the space,” said JB Benjamin, CEO of Djinn Technologies Ltd. and Founder of Akuma Engineering Ltd. the holding company for Djinn.
This strategic acquisition will enable Djinn Technologies Ltd. to leverage EF EVE’s proprietary advancements in volumetric video technology, enhancing its product offerings and accelerating its growth in the 3D scanning, capture, and streaming sectors. The integration of EF EVE’s technology will bolster Djinn Technologies’ capabilities by delivering comprehensive, advanced solutions in volumetric scanning, streaming and end-to-end virtual video production.
“Handing the reins over to JB and Djinn Technologies is a momentous step for us at EF EVE,” stated Agnis Stelingis, Founder of EF EVE Ltd. “We are excited to see our baby in the hands of someone who not only understands and respects the product and technologies but is also still incredibly inspired and passionate about this space even after all these years.”
Click here to read more M&A news.
Read the orginal article: https://arcticstartup.com/ef-eve-acquired-by-djinn-technologies/
