XR Industry News
The latest news on the XR industry. Covering AR, VR, MR, spatial computing, and the most important companies and platforms in the field.
Meta’s Head of XR Apologizes to Oculus Founder Regarding His Ousting
Andrew 'Boz' Bosworth, Meta CTO and Reality Labs chief, has publicly apologized to Palmer Luckey, founder of Oculus who was ousted from the company in 2017 for political reasons.
To this day, Meta (ex-Facebook) never publicly confirmed why Luckey was...
Pico Confirms Acquisition by TikTok Parent Company, Rumored $775 Million Purchase Price
Following rumors that it was poised to be acquired by TikTok parent company ByteDance, VR headset maker Pico has confirmed the purchase, according to reporting by Chinese VR publication Nweon. The acquisition price hasn't been officially announced but is rumored...
Sony Plans PC Compatibility for PSVR 2 Later This Year, Acknowledging a Weak Game Library
Today, on the one year anniversary of the release of PSVR 2, Sony announced it's testing PC VR compatibility for PSVR 2, with plans to release some form of PC support for the headset this year.
In a blog post...
‘Oculus Start’ Program Aims to Help Indies Jump into VR Development
Providing “access, support, and savings” to qualifying indie developers, the new Oculus Start program hopes to encourage and enable the development of great apps from those just getting started in VR. The program, which was introduced in a brief...
Unity is Making Big Improvements to Their VR Rendering Pipeline
Unity is making a huge push to position itself as the leading game engine in the virtual reality space today at its Vision Summit where they made a series of new partner announcements and previewed big improvements coming to...
Project Starline Immersive Videoconferencing Now Branded Google Beam, Heading to Market with HP
Today at its annual I/O developer conference, Google affirmed plans to bring its Project Starline immersive videoconferencing platform to market with HP. While this partnership was confirmed last year, the product is now officially called Google Beam, with more...
Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal
Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million.
Citing delayed accounts obtained from its European division, the company is...
XRHealth Secures $7M Investment to Expand Its AR/VR Telehealth Platform
XRHealth, a Boston-based medical company, today announced that it's raised $7 million in funding to expand its telehealth platform targeted at VR headset users.
The company announced the funding via a press statement today, stating that the new funding round was led by...
Oculus Brings More Lifelike Sound Propagation to Audio SDK 1.34
Despite being oft overlooked in the face of more attention-grabbing visuals, audio is an essential component to creating presence in VR. In a quest to create increasingly lifelike audio in VR environments, Oculus has pushed out an update to...
Penalty in ZeniMax v. Oculus Reduced to $250M, Motion to Halt Headset Sales Rejected
Bloomberg reported this week that the $500 million penalty levied at Oculus in last year's case brought by ZeniMax has been reduced to $250 million. A motion seeking to prevent sales of Oculus products using code attributed to ZeniMax...
‘Swords of Gargantua’ Studio Thirdverse Secures $15M, Aims to Bring Latest Titles to PSVR 2
Japanese VR studio Thirdverse today revealed it's raised $15 million, something the Swords of Gargantua developer says will be used to expand global recruitment and develop new Web3 and VR titles.
In its latest round, MZ Web3 Fund has signed...
Valve Announces ‘Skeletal Input’ to Give SteamVR Apps More Lifelike Hands Moving Forward
Accompanying the news that Valve has made a critical redesign of its 'Knuckles' motion controller, the company also recently released a new input system in beta that not only aims to create lifelike hands, but make them accessible to...
Apple’s Latest VR Hire is Top Researcher Doug Bowman
Apple has reportedly hired a highly respected virtual reality researchers Doug Bowman, as it continues to trail behind other major company's in the virtual reality race
Formerly a Science Professor at Virginia Tech, where he had been Director of Human-Interaction...
This is What Star Wars Looks Like Running on Magic Leap
This is a quick demonstration video released by ILMxLab and Magic Leap to mark the announcement of the two company's newly announced collaboration. They've set up a "collaboration lab" in order to work on immersive experiences using Lucasfilm IP...
Zynga Veterans Unveil New VR Studio ‘ForeVR’, Announces $1.5M Seed Funding
A new VR studio founded by a pair of Zynga veterans has emerged from stealth with some not-so-inconsequential funding. Called ForeVR, the studio recently revealed it's also raised $1.5 million to build VR games for all ages. The news was...



















