Jaunt was one of the first virtual-reality content startups to make waves in the modern VR-headset era, including with music. We first wrote about the company in November 2014, for example, when Jaunt worked with Sir Paul McCartney on a VR video of a live performance of ‘Live and Let Die’, released through its own app. It would go on to work with Jack White, Big Sean and music-TV network Revolt, while raising more than $100m of funding including a $65m round in September 2015. Four years on, however, and Jaunt’s journey appears to have come to an end: the company has announced “the acquisition of its software, technology, and certain other assets” by US telco Verizon.
The deal is for an undisclosed amount, which might be taken as a hint that it’s not an entirely-triumphant exit. “Jaunt will be assisting Verizon with the transition of select portions of the software and technology for a brief period of time,” is all the announcement had to say about the company’s future. The news follows Jaunt’s announcement a year ago that it was winding down its VR business to focus on augmented reality technology.