Snapchat buying Israeli augmented reality startup Cimagine

Snapchat buying Israeli augmented reality startup Cimagine

The Snapchat logo shown on a smartphone. Photo: Bloomberg

Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat’s first acquisition in Israel, the Calcalist financial daily reported on Sunday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter