Walmart, Tyson Invest In Tech, Innovation With Startups

Technology innovation is in big demand with the likes of Amazon, Google and Apple forging the way benefiting their own business models. Two of Northwest Arkansas’ largest employers aren’t standing on the sidelines. Bentonville-based Walmart continues to buy the parts it needs to better compete with Amazon, and Tyson Foods of Springdale has adopted a similar strategy in the past year with its investment arm.

Walmart said Tuesday (Feb. 6) it acquired a small virtual reality startup known as Spatialand. Terms of the deal were not disclosed. Spatialand makes software tools that retailers believe will be able to transform the way content is experienced. Spatialand has worked with Walmart’s Store No. 8 technology incubator on at least one project in the previous year.   MORE

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