World enews: Meta acquires smart lensmaker Luxexcel as it works toward AR glasses goal

Meta’s throwing more money into the metaverse with its acquisition of Luxexcel, a Netherlands-based company that specializes in 3D-printing prescription lenses for smart glasses. The news was first reported by Dutch outlet De Tijd (via TechCrunch), but Meta has since confirmed to The Verge that it purchased the company.

“We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” Meta says in a statement provided by Ryan Moore, the company’s head of financial communications. While the terms of the deal are unknown, Meta CTO and Reality Labs head, Andrew Bosworth, revealed in a blog post earlier this month that the company’s pouring “about half” of the metaverse-focused division’s operating expenses into augmented reality (AR), while the other half’s going to building virtual reality products (VR) as it continues to bleed billions.

Luxexcel, which was founded in 2009, says it can integrate the elements needed to create an augmented reality experience within a prescription lens, such as holographic film and projectors. In 2021, it partnered with WaveOptics, the company that provides the displays for Snap’s Spectacles, to create a lens outfitted with waveguides, or the transparent display technology needed to superimpose virtual objects on a user’s real-life environment.

Even as Meta works toward building its first pair of AR glasses, we may not see a finished product for some time. Bosworth says Meta’s AR glasses will “require years of progress” as it attempts to make the device “slimmer, lighter, faster, and more powerful.” In June, The Verge’s Alex Heath reported that the first version of Meta’s AR glasses will only be available to developers — just like Snap’s Spectacles — while two later pairs could become available to consumers over the course of several years.