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UX Ventures AB (XIRIS Group) Acquires UX Stream AB
2021-08-31,Stockholm, Sweden.
UX Ventures AB (XIRIS Group), a venture studio investing in and building technology companies focused on AI and 5G, has acquired UXstream AB (UX Stream), a company developing software to enable new user experiences through interactive real-time streaming.
To announce, “We are happy to announce the acquisition of UXstream. Together, we will shape the future of interactive real-time streaming,” said Per Bystedt, CEO of UX Ventures AB.
The acquisition of UXstream fits into UX Ventures’ strategy to invest in technology startups at the forefront of the development enabled by 5G and other superfast mobile connection initiatives. With UXstream, UX Ventures will create synergies with its other investments by offering integration with the UXstreamsoftwar.
“This will enable a new generation of applications and devices.” Said Thomas Eriksson, CEO and founder of UXstream AB.
About UXstream
UXstream was founded by Thomas Eriksson, previous co-founder of NASDAQ-listed Neonode Inc.(NEON: NASDAQ). The company develops software enabling interactive real-time streaming of any server-generated user interface to any device. This technology unlocks greater computing power, reduces battery drain, and encourages new products and applications.
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Multi-billions are invested annually in researching high-speed infrastructures, such as 5g and 6g. The progress in this field has created a significant demand for applications, software, and devices that take advantage of this infrastructural revolution.
XIRIS Group, part of UX Ventures AB, look to capitalize on this ongoing infrastructural revolution and invest in innovative companies benefitting from Mobile Interactive Real-time Streaming (MIRS™).
MIRS™ will make everyday life more flexible by allowing close to infinite real-time supercomputer processing power, memory, and storage at any time and place. We bring any app to any device.
Through expertise and synergies within our group, we aim to enable new user experiences by producing products and applications never seen before.
XIRIS Group (UX Ventures AB) has a combined 60+ years of deep domain expertise in mobile technology and micro-electronics. Our co-founder, Thomas Eriksson, changed the game for mobile devices in 2004 when his former company Neonode released the first touchscreen phone and patented gesture and swipe technology for mobile interfaces. These innovations have revolutionized how we interact with technology.
