AMD Acquires Austin-based Nitero

AMD, based in Sunnyvale, Calif., announced this week it has acquired Austin-based Nitero, which makes chips to stream virtual reality and augmented reality content to wireless headsets.

The financial terms of the deal were not disclosed.

Nitero, founded in 2009, had raised $4.71 million in two rounds from two investors, according to its Crunchbase profile.

AMD reported that the acquisition of Nitero will give the company the technology required to create more immersive computer experiences.

“Unwieldy headset cables remain a significant barrier to drive widespread adoption of VR,” Mark Papermaster, AMD chief technology officer and senior vice president, said in a news release. “Our newly acquired wireless VR technology is focused on solving this challenge, and is another example of AMD making long-term technology investments to develop high-performance computing and graphics technologies that can create more immersive computing experiences.”

Nitero’s engineering team has been focused on solving the difficult problem of building wireless VR technologies that can be integrated into next-generation headsets, Nitero co-founder and CEO Pat Kelly said in a news release. He has joined AMD as corporate vice president of Wireless IP.

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