Meta announced it's tapped six external teams to receive a research grant in order to advance work on its surface electromyography (sEMG) based wristband controller. Meta revealed in a blog post it's launched a research funding initiative focused on improving how...

XR glasses company VITURE announced it’s secured an additional $100 million financing round following its $100 million Series B secured in September 2025. The latest round was led by Legend Capital, a Beijing-based investment arm affiliated with Lenovo. The round also featured a group...

Snapchat maker Snap announced it's formed a new business dedicated to its upcoming AR glasses. The News Called Specs Inc, the wholly-owned subsidiary within Snap is said to allow for "greater operational focus and alignment" ahead of the public launch of...

AR glasses maker XREAL has filed a patent infringement lawsuit in the United States against affiliates of VITURE, its direct competitor. Filed in the District Court for the Eastern District of Texas, the suit alleges that Eden Future HK Limited...

XREAL, the Beijing-based AR glasses maker, announced it has raised $100 million in a recent funding round. The News Xreal co-founder and CEO Chi Xu broke the news on Bloomberg Television, noting the company secured funding from “supply chain partners” in addition...

Magic Leap announced a manufacturing partnership with Pegatron, a major global electronics manufacturer, to scale production of AR glasses components, including Magic Leap’s waveguide technology. The News Under the agreement outlined in a press statement, Pegatron will apply its manufacturing capabilities...

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...