AR Industry
WaveOptics Raises $26 Million to Expand AR Optics Supply Chain
WaveOptics, a manufacturer of diffractive waveguide optics for AR displays, today announced it has raised a $25 million Series C investment which will be used to continue building a large volume supply chain for the company's optics.
UK-based WaveOptics said...
New Startup Artie Wants to Bring AI-driven Avatars to Augmented Reality
Former Felix & Paul chief content officer Ryan Horrigan and former Milk VR and VRSE.works producer Armando Kirwin have banded together to found Artie, a new startup with the mission of bringing AI avatars to augmented reality.
In the video...
WaveOptics & Goertek Deal to Enable Mass Production of AR Optics
AR optics maker WaveOptics has announced a manufacturing partnership with Goertek, one of the VR industry's leading manufacturers. The deal will enable mass production of WaveOptics' waveguides for integration into AR headsets which the companies say could be market-ready at...
Jaunt Acquires Personify’s Volumetric Capture Tech & Talent to Build Out XR Platform
Jaunt was once a cinematic VR company which produced high-quality 360 video, and to boot even a professional-grade 360 camera dubbed NEO. Taking a step in a decidedly more AR direction with its recently revealed volumetric video capture solution, Jaunt...
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, Bloomberg reports. The Chinese investment firm had reportedly put up $20 million for the deal....
Oculus Founder Serves up Scathing Review of Magic Leap One, Calling It a “Tragic Heap”
While Palmer Luckey provided his own Magic Leap One headset to iFixit for their tear down, the founder of Oculus certainly had his chance for a proper review before the spudgers and screwdrivers came out, and he isn't pulling...
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 making AT&T the "exclusive wireless distributor of Magic Leap products for consumers in the U.S."
Magic...
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 announced AR authoring tool and multi-platform system that will soon deliver a way for developers...
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 appears Google will be taking the stage to introduce a number of new products and...
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 million in allocated funds. Previously called GVR Fund, the company is now changing its name...
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 the amount of the investment, or mentioned whether other companies have also taken part in the new...
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 around an all time high.
Across Oculus' 15 locations, the company is currently listing 443 available...
Investors Poured a Record $2 Billion into VR/AR in 2017, But Early Stage Funding Slowed
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 2017 outpaced 2016, but the average deal size declined sharply by 35%, according to Greenlight...
‘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 by Tech Crunch, the Series B investment round was lead by Spark Capital in participation with Founders...
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 View' function aims to help you figure out if a crock-pot clashes with your marble counters,...




















