AR Industry

Meta Forced to Furlough After Chinese Lead Backs Out of New Investment

Meta, makers of an AR headset dev kit, was close to raising a new round of funding before a Chinese lead investor backed out,...

Oculus Founder Serves up Scathing Review of Magic Leap One, Calling It a “Tragic...

While Palmer Luckey provided his own Magic Leap One headset to iFixit for their tear down, the founder of Oculus certainly had his chance...

Echoing Apple’s iPhone Launch, Magic Leap Taps AT&T for Exclusive US Distribution

Magic Leap today announced that AT&T, one of the leading cellular carriers in the US, has invested in the company and solidified a partnership...

Adobe’s Project Aero Aims to Help Creators Build AR Content

Adobe recently unveiled a new project that aims to take the company further into the realm of augmented reality. Called Project Aero, the newly...

Google to Announce New Dev Tools at GDC 2018, Keynote to Feature AR/VR

This year's Game Developers Conference (GDC) is nearly upon us, and now that talks for the week-long event are published on the GDC website, it...

Gree VR Capital Completes First $18M VR/AR Fund, Changes Name to GFR Fund

GREE VR Capital, the investment firm backing startups such as VRChat, TheWaveVR, and Littlstar, today announced the completion of its first immersive media fund, totaling $18.3...

Magic Leap Takes on Funding from Media Company Axel Springer

German media company Axel Springer today announced that it has taken part in a new round of financing of Magic Leap. The company hasn't disclosed...

Oculus Hiring Spree Suggests Facebook is Accelerating VR/AR Plans

Starting toward the end of 2017, the number of listed job openings at Oculus has nearly tripled, with the current number of openings floating...

Investors Poured a Record $2 Billion into VR/AR in 2017, But Early Stage Funding...

In 2017, venture funding of VR/AR companies reached at least $1.9B, ending slightly above 2016. The total number of companies raising venture capital during...

‘Pokémon Go’ Studio Niantic Completes $200M Funding Round

Niantic, the developer behind Pokémon Go and the upcoming Harry Potter AR game, announced they've taken on $200 million in their Series B investment round. As reported...

Amazon Brings Augmented Reality Product Previews to iOS App

'Try it before you buy it', the old adage goes. Well, an AR preview might not exactly be 'trying it', but Amazon's new 'AR...

Nokia and Xiaomi Announce a Long-term Partnership to “Explore” AR and VR

The Finnish and Chinese companies today signed a cross-licensing patent deal ‘focused around the data center’, according to a CNBC report. This will allow...

AR Headset Startup CastAR is Reportedly Shutting Down

According to a report from Polygon, augmented reality company CastAR is heading for a shutdown, laying off staff from the Palo Alto headquarters and...
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