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, 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,...
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 Nokia and Xiaomi to develop new products, as they look to collaborate further in areas...
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 its internal AR software development studio in Salt Lake City. CastAR’s consumer hardware was due...

















