Late last year, Snap acquired LA-based drone company Ctrl Me Robotics, according to Buzzfeed. Recent reports indicate that the maker of Snapchat and Spectacles intends to develop a drone of its own as it looks to push beyond developing apps and into hardware. <\/p>\n
Snap reportedly acquired Ctrl Me Robotics for less than a million dollars last last year, in a deal that included some of the companys equipment and assets, as well as its founder, Simon Nielsen. Ctrl Me Robotics described itself as a company that built and developed custom drones, with a particular focus on drones that carried cameras for local film studios, according to a 2014 video released by the company. According to Buzzfeed, its not clear if Ctrl Me Robotics reached the point where it was developing drones of its own. <\/p>\n
Snap has been eyeing the drone market and looked into acquiring now-defunct Lily Robotics, as well as other camera-related businesses last year. This acquisition could help give Snap some expertise when it comes to developing its own equipment. <\/p>\n
Last September, Snapchat announced that it was moving into hardware and rebranding itself as a camera company called Snap. Its not clear if the pivot will be enough to save the company, however. Snap Inc. went public in March with a $30 billion IPO, but its revealed in its first earnings reports that its growth as slowed and that its a long way from profitability, and that of the $150 million it earned in its first quarter this year, just $8 million came from its camera-equipped glasses, Spectacles. <\/p>\n
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Snap recently acquired Ctrl Me Robotics, an LA-based drone company - The Verge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Late last year, Snap acquired LA-based drone company Ctrl Me Robotics, according to Buzzfeed. Recent reports indicate that the maker of Snapchat and Spectacles intends to develop a drone of its own as it looks to push beyond developing apps and into hardware. Snap reportedly acquired Ctrl Me Robotics for less than a million dollars last last year, in a deal that included some of the companys equipment and assets, as well as its founder, Simon Nielsen Continue reading