IKEA completed the acquisition of Geomagical Labs.

IKEA, a multinational group that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, completed the acquisition of Geomagical Labs, an AI imaging startup. Financial terms were not disclosed. “We’re excited because the user can really play around with this and see how something would fit immediately,” Barbara Martin Coppola, Ikea Retail Chief Digital Officer.