UX Ventures AB (UX Ventures), a venture capital firm investing in technology companies focused on AI and 5G, has acquired UXstream AB (UXstream), a company developing software to enable new user experiences through interactive real-time streaming.
To announce, “We are happy toannounce the acquisition of UXstream. Together, we will shape the future of interactive real-time streaming,” said Per Bystedt, CEO of UX Ventures AB.
The acquisition of UXstream fits into UX Ventures’ strategy to invest in technology startups at the forefront of the development enabled by 5G and other superfast mobile connection initiatives. With UXstream, UX Ventures will create synergies with its other investments by offering integration with the UXstreamsoftwar.
“This will enable a new generation of applications and devices.” Said Thomas Eriksson, CEOand founder of UXstream AB.
UXstream was founded by Thomas Eriksson, previous co-founder of NASDAQ-listed Neonode Inc.(NEON: NASDAQ). The company develops software enabling interactive real-time streaming of any server-generated user interface to any device. This technology unlocks greater computing power, reduces battery drain, and encourages new products and applications.