Qualcomm has decided to abandon the augmented reality market

Vuforia isn’t a name that many people are familiar with, but it’s the most popular augmented reality platform on the market at the moment, and it has a new owner. Qualcomm was the original owner, but the company has decided to leave the augmented reality market, for unknown reasons, and sell Vuforia to PTC for $65 million. PTC is a Massachusetts-based company that specializes in design software, so Vuforia will be in good hands.