Facebook has acquired Nascent Objects, a startup that produces modular electronics systems that can then be used to create prototype electronic gadgets. Post the acquisition, Nascent Objects will be a part of Facebook’s Building 8 Lab. The venture that was founded in 2014, makes use of various new-age technologies such as hardware design, circuitry, 3D printing and modular electronics, in order to let developers go from concept to prototype quickly.
The company has a mission to make hardware development as easy and painless as software. The company also ensures that users without any particular electronics manufacturing expertise or an engineering degree, could be able to to design and prototype new products easily. Nascent Objects has been backed by Orestone Capital, Co-Creation Capital at various stages.
Baback Elmieh, CEO of Nascent Objects, said in a statement about this acquisition:
“We’ve decided to continue our mission at Facebook and Building 8. We’re excited to build products that can open the world to everyone and create on a scale we couldn’t have imagined before.”
Commenting on the acquisition, Regina Dugan, VP of Engineering for Building 8 at Facebook, said,
“Together, we hope to create hardware at speed that’s more like software.”
This strategic acquisition brings major benifits not just for Nascent Objects that will now have Facebook supporting it. It will also also give the advantage to Facebook, that will now allow it to foray into the space where the presence of existing tech majors tends to zero. Some time back Google did launch an initiative for a modular smartphone called Project Ara, but that got scrapped later.
Facebook’s Building 8 lab at Menlo Park headquarters, is the place where Facebook prototypes its solar drones, Internet-beaming lasers, VR headsets, and next-gen servers. Jay Parikh, Facebook’s Head of Engineering and Infrastructure said in a statement to Tech Crunch(about why the Building 8 Lab was required):
“..To create a collaboration space big enough to get hardware engineers from across the company together in person to work on shared problems. To build a state-of-the-art hardware laboratory with the equipment necessary to prototype and fail test the early designs of Facebook’s forthcoming gadgets. Both will cut down the time it takes Facebook to get from device conception to working prototype it can then mass produce.”
With the addition of a startup that works in the exact same area, this will be a win win for both the entities.