Walmart Acquires AR Optical Tech Company Memomi
June 29, 2022
Walmart has agreed to acquire Memomi, an augmented reality (AR) optical-technology provider that powers virtual try-on and contact-free digital measurements for Walmart Vision Centers and Sam's Club. The acquisition will bring Memomi's AR and AI-driven virtual-try-on capabilities into Walmart Global Tech to expand Walmart’s omnichannel optical and digital health services; Memomi employees will join Walmart Global Tech and the deal is expected to close in the coming weeks.
- Buyers
- Walmart Inc.
- Targets
- Memomi
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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