Meta Platforms acquired CTRL-labs, a transaction announced in September 2019.
CTRL-labs operates in Reality Labs, is based in New York, New York, USA. CTRL-labs is a neural-interface startup whose technology decodes electrical signals the brain sends to the hand and finger muscles and translates them into digital commands, enabling wrist-based control of devices. Facebook acquired it in 2019, folding the team into Facebook Reality Labs to build next-generation human-computer interaction for AR and VR. Founder Thomas Reardon became FRL's Director of Neuromotor Interfaces. Deal terms were not disclosed.
Facebook acquired the neuromotor-interface team to develop a more natural, wrist-based control method for its future AR/VR computing platform.
Advisory firms were not disclosed for this transaction.