Walmart Acquires AR Optical Tech Company Memomi

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.