Oculus VR Buys Pebbles

Virtual reality headset maker Oculus--which is owned by Facebook, and was until recently headquartered in Irvine--has acquired Pebbles Ltd., a developer of gesture recognition technology. Financial terms of the buy have not been disclosed, however, reports place the acquisition at around $60M. Oculus said on its blog that Pebbles will help the company to advance virtual reality, tracking, and human-computer interactions. Pebbles was based in Israel, and develops systems which custom optics, sensor systems and algorithms to detect and track hand movement.