Djinn Technologies Ltd., an Akuma Engineering Ltd. company, announced today the acquisition of EF EVE Ltd., a pioneer in consumer-friendly volumetric and spatial capture software.
The deal includes all assets, patents, and intellectual property of EF EVE Ltd.
Djinn Technologies is developing advanced volumetric and spatial camera sensor and scanning technologies. The company aims to democratize volumetric video production and streaming, which until now has been reserved for large groups with big budgets.
EF EVE Ltd. was founded in 2013 by Agnis Stelingis and was based in the United Kingdom and Lithuania. The firm was known for its proprietary algorithms that enabled high-quality volumetric and spatial video capture and live streaming using affordable sensors. Their patented lossless spatial data compression technology delivered industry-leading video quality.
The EF EVE Volumetrics Platform will become SpatialScan3D, a software that can calibrate from 6 to 10 or more sensors within seconds, saving users both time and money. Djinn will offer two platforms for distribution: SpatialScan3D SaaS for consumers and businesses, and SpatialScan3D Arcadia for enterprise, military and academia. Both platforms will support virtual and augmented reality environments, and feature new functionality for sharing spatial video on the web. SpatialScan3D Arcadia will also have native quantum-resistant end-to-end encryption, mobile, and native ISO/SoC2 compliance.
This strategic acquisition will enable Djinn Technologies to leverage EF EVE’s proprietary advancements in volumetric video technology, enhancing its product offerings and accelerating its growth in the 3D scanning, capture, and streaming sectors. The integration of EF EVE’s technology will bolster Djinn Technologies’ capabilities by delivering comprehensive, advanced solutions in volumetric scanning, streaming and end-to-end virtual video production.
“EF EVE’s ground-breaking technology in volumetric video capture and distribution complements our existing proprietary technologies simplifying real-time volumetric capture, allowing us to offer a broader range of innovative solutions to consumers and our clients. The acquisition of EF EVE Ltd. marks a significant milestone for Djinn Technologies as we expand our footprint in the realm of innovative software solutions, and I am proud that we can provide a new home for one of the original pioneers of the space,” said JB Benjamin, CEO of Djinn Technologies Ltd. and Founder of Akuma Engineering Ltd. the holding company for Djinn.
“Handing the reins over to JB and Djinn Technologies is a momentous step for us at EF EVE,” stated Agnis Stelingis, Founder of EF EVE Ltd. “We are excited to see our baby in the hands of someone who not only understands and respects the product and technologies but is also still incredibly inspired and passionate about this space even after all these years.”