Magic Leap announced this week at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia its latest AR hardware plans along with a renewed partnership with Google. The News Google and Magic Leap announced in May 2024 a “strategic technology partnership”...

Sesame, an AI and smart glasses startup founded by former Oculus execs, raised $250 million in Series B funding, which the company hopes will accelerate its voice-based AI. The News As first reported by Tech Crunch, lead investors in Sesame's Series...

Virtualware, the Spain-based XR and 3D simulation software company, announced it's secured a €5 million ($5.8 million) deal to broadly roll out its VIROO platform in vocational training facilities supported by Spain's Ministry of Education. The six-year contract allows Virtualware...

Mojo Vision announced it's secured a $75 million Series B Prime investment round, which the company says will support the commercialization of its powerful and flexible micro-LED platform for XR glasses. The round was led by Vanedge Capital, and included...

Varjo, the Finland-based maker of high-end XR headsets, announced it's secured a €5 million (~$5.8 million) minority investment from THEON, the Greece-based manufacturer of military imaging systems. Structured as a convertible loan, the €5 million investment also includes the option...

EssilorLuxottica released its second quarter earnings report, revealing that Ray-Ban Meta smart glasses have tripled in revenue year-over-year. Released in 2023, Ray-Ban Meta is the companies' second-gen smart glasses, serving up music, photo/video capture, and Internet searches via Meta AI. Starting...

Switzerland-based light field display startup CREAL announced its closed a $8.9 million equity funding round, which the company says will accelerate the miniaturization of its light field module for AR glasses. The equity funding round was led by ZEISS, the...

It was rumored last year that Meta was seeking a minority stake in French-Italian eyewear conglomerate EssilorLuxottica, not only the largest eyewear manufacturer in the world, but also Meta's partner behind its growing line of smart glasses. Now, a...

Smart contact lens startup XPANCEO announced it's secured $250 million in Series A funding, putting its valuation at $1.35 billion and minting it as XR's most recent unicorn. The funding round was led by Opportunity Venture (Asia), which led the...

Ahead of Google's planned rollout of Android XR-equipped smart glasses, the company is reportedly making a $100 million investment in hardware partner Gentle Monster, the South Korean fashion eyewear brand. According to a Korean Economic Daily report, Google is slated to sign...

TDK, the Japan-based electronic component and software company, announced it's acquired SoftEye, the US-based smart glasses hardware and software maker. TDK calls the acquisition of SoftEye a "key milestone in the development of TDK’s contribution to the entire AI ecosystem...

Vuzix, the veteran smart glasses maker, announced it's secured a $5 million investment from Quanta Computer, the Taiwan-based ODM and major Apple assembler. The latest investment was the second tranche following an initial $10 million investment made by Quanta in September...

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...

Varjo, maker of high-end enterprise XR headsets, this week announced it has raised a $40 million Series D investment to continue building its Varjo Reality Cloud software and deliver a "true-to-life industrial metaverse." Varjo makes some of the highest-end enterprise...

XR Games, the indie VR studio behind Zombieland: Headshot Fever (2021), announced it's secured $7 million (£5.9m), something the studio says will used to grow both its team and intellectual property as it continues to develop new XR games. The latest funding...