Facebook Acquires German Computer Vision Startup Fayteq

It’s company that develops plugins for editing applications like Adobe After Effects.

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Facebook has acquired German computer vision company Fayteq, a company that develops plugins for applications like Adobe After Effects or lets you edit, add or take away objects from existing videos. Fayteq’s technology could be applied to Facebook’s video features like Facebook Live, Stories or its Camera Effects platform. After Facebook acquired the company, Fayteq stated on their website that its products and services were no longer available for purchase. In addition to Fayteq, Facebook has recently acquired video piracy preventer Source3, AI startup Ozlo and more. At the moment, there is not too much information on the details of the Fayteq acquisition. Learn more about it via Deutsche Startups.

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Dado Ruvic/Reuters

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