Facebook Inc (NASDAQ:FB)’s Instagram has launched “Hyperlapse,” an application to create what it calls “high-quality time lapse videos”.
The app uses image stabilization technology integrated by the Instagram team at Facebook Inc (NASDAQ:FB) into the app. This technology is most likely the result of Instagram’s acquisition of Luma, a company that once made a video capture app with image stabilization and sharing features, in August 2013. Luma was the first company to be acquired by Instagram.
“Traditionally, time lapse videos depend on holding your phone or camera still while you film. Hyperlapse from Instagram features built-in stabilization technology that lets you create moving, handheld time lapses that result in a cinematic look, quality and feel—a feat that has previously only been possible with expensive equipment,” Instagram explained.
According to the Facebook Inc (NASDAQ:FB) unit, people will not need an Instagram account to use the app as it goes straight to camera mode when opened. However, people will need an Apple Inc. (NASDAQ: AAPL) device to use the “Hyperlapse” app because it is only available for iOS 7.0 and later versions at the moment.
Instagram said that once inside the app, users only need to tap once to capture and then tap again to end the capture. After a video is captured, users will have the option of choosing from 1x to 12x speeds. After saving, “you can share your video on Instagram easily from there,” the team wrote.
The “Hyperlapse” app’s release comes after Instagram launched the Snapchat rival “Bolt” app last month. Facebook Inc (NASDAQ:FB) acquired Instagram in 2012 for about $1 billion in cash and stock.
Facebook Inc (NASDAQ:FB) shareholders includes Philippe Laffont’s Coateu Management which reported about 5.87 million shares in the company by the end of the first half of 2014.
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