Google Buys Austin-based Owlchemy Labs

Owlchemy Labs group photo, courtesy of the company.

Google announced Wednesday

in a blog post

that it has acquired Austin-based

Owlchemy Labs

, a virtual reality game developer.

“Together, we’ll be working to create engaging, immersive games and developing new interaction models across many different platforms to continue bringing the best VR experiences to life,” according to the Google blog post.

The financial terms of the deal were not disclosed. Last year, Owlchemy Labs raised a $5 million Series A round from Qualcomm Ventures, HTC, The VR Fund, Colopl VR Fund, Capital Factory and other Austin-based investors.

“We set out on a journey over six years ago to build the kinds of games we wanted to see exist. Over those years, we learned that Owlchemy, at its core, cares deeply about a few key things: building quality multi-platform games, solving tough problems with a small but absurdly talented team, sharing our learnings with the community, and Austin’s famous tacos,” according to a blog post on the OwlChemy Labs site. “Now, as we look to the future with Google by our side, we couldn’t be happier. Our plan to build awesome things will continue forward stronger than ever.”

The company, one of Silicon Hills top 20 startups to watch in 2017, makes a flagship multi-platform virtual reality game called Job Simulator, which surpasses $3 million in revenue last year. The Austin-based startup moved here from Boston, where Alex Schwartz founded the company in 2010.

#URLinkedUp Austin technology Archives – SiliconHills http://www.siliconhillsnews.com/2017/05/10/google-buys-austin-based-owlchemy-labs/

#Austin Check out URLinkedUp > http://www.urlinkedup.com

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