About the Client
Headquartered in Stockholm, Sweden, 13th Lab have, since their start in 2010, developed a technology built on the idea that the camera is the most important sensor for understanding and interacting with the rest of the world. Their products include Ball Invasion, the world’s first iOS application using visual SLAM, and PointCloud SDK, a development platform. Joining Facebook and Oculus will help them advance in their vision and continue working on the future of computing. The 13th Lab team will move to Silicon Valley and join the Oculus team.
About the Deal
GP Bullhound acted as the exclusive financial advisor to computer vision platform developers 13th Lab on its sale to the Oculus division of Facebook.
This represents the completion of GP Bullhound’s 29th transaction in 2014.
Per Roman, Managing Partner GP Bullhound commented “It has been a true pleasure to be the advisor as well as board member and investor to one of the most unique software development teams I have had the fortune to meet in my life. Oskar and his team will surely make a materially positive impact for Oculus and for all of us tech-loving consumers in the next few years”.
Oskar Linde CEO and Founder of 13th Lab said: “We are very excited to have the opportunity to fully apply our technology to a platform that is set to completely redefine our digital interaction and experience in the coming years. GP Bullhound has been a great investor and advisor and it has been a pleasure working with them.”