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Gaming platform Roblox acquires 3D facial animation firm Loom.ai - Metro US

Gaming platform Roblox acquires 3D facial animation firm Loom.ai

FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Manchester

(Reuters) – U.S. gaming platform Roblox Corp said on Monday it has acquired Loom.ai, a San Francisco-based startup providing real-time facial animation technology for 3D avatars.

Roblox said the deal will accelerate the development of next-generation avatars, as the startup’s technology allows players to show their emotions and facial expressions. (https://refini.tv/3nicr9V)

Financial terms of the deal were not disclosed.

Roblox, which offers software downloads to create games and play them online, uses various Lego-like characters for its games.

The deal comes days after Roblox put off its planned initial public offering until next year, according to a memo sent to its employees and seen by Reuters.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak Dasgupta)

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