Wednesday, July 23, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News

Facebook acquires CTRL Labs & ServiceFriend to expand Business Offerings

Tech Gist Africa by Tech Gist Africa
09/24/2019
in News, World News
0 0
0
Facebook acquired both ServiceFriend and  CTRL Lab
0
SHARES
Share on FacebookShare on Twitter

Facebook acquired both ServiceFriend and  CTRL Lab. The social media giant plans to expand business offerings by integrating these two startups into their platform. 

CTRL Labs is a New York-based neural interface startup that produces mind-reading wristband. The company was founded by Patrick Kaifosh and co-founder in 2018. It has since raised $67 million in venture capital.

The non-invasive platform lets developers reimagine the relationship between humans and machines using new intuitive control schemes. The acquisition was revealed in a post by Andrew Boz Bosworth, Facebook’s head of AR and VR, in his Facebook post.


See also: Facebook Accelerator Season II Bootcamp Opens to Ghanaian & Nigeria Startups


Bosworth stated that CTRL Lab’s wristwatch is instrumental in developing new ways for machines to interact with traditional mouse-and-keyboard setups, touchscreens, or any form of physical controllers. The acquisition will also enable Facebook scale it augmented reality gadgets since it recently launched two models of AR glasses.

The deal, worth over $1billion came as the most substantial acquisition by Facebook. It also serves as the highest investment Facebook has made on its growing hardware ambitions. The equipment of the CTRL labs will be used to augment future virtual reality projects.

The company also acquired ServiceFriend, an Israeli hybrid chatbot startup company. ServiceFriend builds bots that make use of artificial intelligence in building messaging apps for customer service teams.

Facebook may leverage this acquisition to build a hybrid chatbot for Calibra, its digital cryptocurrency wallet. ServiceFriend founder, Shahar Ben Ami will work with other Facebook staff members in the Calibra digital wallet group.

 

More on TechGist Africa:

  • UNESCO Partners Huawei to Provide Digital Skills in East Africa
  • Huawei Supports Rain to Launch Commercial 5G Connectivity in SA
  • Uber rolls out premium Uber Black features in South Africa
  • Facebook Suspends Thousands of third-party Apps over Privacy Investigation
  • Nigeria’s Bank of Industry Launches Tech Hub in Lagos State
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
Aria Ventures Egypt

Aria Ventures Launches $1 Million Fund to Boost Deep‑Tech Investment in Egypt

07/10/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Next Post
UNESCO Partners Huawei to Provide Digital Skills in East Africa

UNESCO Partners Huawei to Provide Digital Skills in East Africa

Truecaller Crosses 1 Million Premium Subscribers, Unveils New Spam Blocking Feature

NITDA probes Truecaller over Data and Privacy Breach

UNESCO Partners Huawei to Provide Digital Skills in East Africa, NITDA probes Truecaller over Data and Privacy Breach and More

UNESCO Partners Huawei to Provide Digital Skills in East Africa, NITDA probes Truecaller over Data and Privacy Breach and More

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.