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Xinova and Aetho join forces on AR and VR

Aetho Thrive
Aetho’s telepresence platform, known as Thrive, creates a virtual space in which participants can converse and share documents. (Aetho Illustration)

A Seattle-based invention factory called Xinova has made a deal to collaborate with Aetho, a San Francisco-based venture, on new technologies in augmented reality and virtual reaility.

The agreement, announced today, sets the stage for Aetho to license intellectual property from Xinova in support of its push into AR and VR products.

Xinova was spun off from Intellectual Ventures last year. It’s a standalone company that focuses on the co-development of innovations  by a network of 10,000 inventors in more than 30 countries.

Some of the intellectual property managed by Xinova is critical to Aetho’s plans.

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Invention network reinvents itself as Xinova

Michael Manion
Michael Manion, one of the thousands of inventors in Xinova’s network, shows off his Keon Research lab in Seattle. (GeekWire photo by Alan Boyle)

There’s a “new, new” name in the invention business: Xinova, a company that’s been spun out from Intellectual Ventures and is now in the midst of reinventing itself.

Xinova used to be known as the Intellectual Ventures Invention Development Fund. For the past decade, it’s played a key role in the company that technology pioneer Nathan Myhrvold founded to develop and manage intellectual property.

In May, IDF was transformed into an independent company, joining other IV spin-outs such as TerraPowerKymeta and Echodyne. Its CEO is Thomas Kang, formerly of Seoul Securities. The company is getting ready to move from its current digs in Bellevue, Wash., to downtown Seattle.  And today it was officially rechristened with a name that blends the Chinese word for “new” (xin, or 新) with the equivalent word in Latin (nova).

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