Today, it’s taking another step in that trajectory with a tech acquisition: the company has acquired Geomagical Labs, an AI imaging startup based out of Mountain View.

Geomagical Labs has not had a lot of fanfare, but quietly it’s been developing a number of computer vision-based technologies.

Terms of the deal — which technically is being made between Geomagical and the Ingka Group, the company that owns Ikea — are not being disclosed, the companies said.

From what we understand, the startup had been talking to a number of other interested parties, including other retailers and a couple of large tech companies.

“Ikea has spent more than $200 million investing in or acquiring 23 companies to date,” she said. | To read full story, visit https://startuparound.com/read/1585827007.1110325/Ikea-acquires-AI-imaging-startup-Geomagical-Labs-to-supercharge-room-visualisations-–-TechCrunch?ref=audio_experience