Facebook acquires start-up to build hardware faster

New York, Sep 20 In a bid to build Wi-Fi drones, data servers and virtual reality goggles faster, social media giant Facebook has acquired Silicon Valley-based start-up Nascent Objects for an undisclosed sum, a media report said.

The acquisition is part of Facebook CEO Mark Zuckerberg's 10-year plan which includes big bets in artificial intelligence, virtual reality and internet access, CNET reported on Monday.

The startup which will be a part of Building 8, Facebook's secret initiative for developing hardware, makes tools to help speed up the process of building physical hardware prototypes.

The startup specialises in "modular electronics," which allows to swap out interchangeable hardware parts.

IANS