April 14, 2016 | Israeli software solutions provider NorthBit has been acquired by Florida-based Magic Leap, one of the companies considered to be at the forefront of augmented reality. The sale price has not yet been made public. NorthBit was co-founded in 2012 by CEO Gil Dabah and CTO Ariel Shiftan and has 15 employees. Last month Northbit announced that they had successfully hacked Android’s OS using the Stagefright exploit, highlighting the risk of remote hacks on over 95% of devices running the software. This is Magic Leap’s first investment in an Israeli strartup.
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