Walmart’s Store No 8 Acquires Virtual Reality Startup Spatialand

Executive Summary

• Walmart’s technology incubator, Store No 8, has acquired virtual reality (VR) startup Spatialand. The financial terms of the deal were not disclosed.
• Spatialand, which worked with Store No 8 on a VR project last year, provides a platform and software tools that enterprises can use to create VR content.
• Walmart aims to develop and explore new products and uses of VR across its websites and stores.