Netflix announced it’s acquiring Ready Player Me, the avatar creation platform, which the streaming giant hopes to leverage soon with the rollout of user personas across Netflix Games. The News Terms of the deal were not disclosed, according to TechCrunch. It's...

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...

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...

VR treadmill company Virtuix launched a crowd-based investment campaign late last year to further scale Omni One, its consumer-focused VR locomotion device. Now, the campaign’s second phase (Series B-2) has come to an end, garnering the company over $3...

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...

Social Discovery Group, the company behind Dating.com and DateMyAge.com, announced it's launched a venture studio that aims to "transform virtual intimacy into the new normal" by backing early-stage startups in AI-powered communication, XR advancements, and social discovery platforms. Called SDG...

AEXLAB, the studio behind VR shooter Vail (2024), announced it's opened a crowd-investment campaign to support ongoing development of the game. Additionally, the studio revealed the multiplayer shooter has generated over $5.5 million in revenue to date, owing to its...

Fast Travel Games, the developer and publisher behind a host of VR games, announced it's closed a new investment of $4 million, something the company says will help it further develop its own IP for VR platforms as well...

Windup Minds is a newly announced XR studio which has raised a $1.6 million seed investment for immersive experiences focused on virtual pets and companions. Windup Minds was founded earlier this year by Bernard Yee, Ben Vance, Amy Conchie, and Stefani...

ShapesXR is a collaborative spatial design app built to make it easy to prototype spatial interfaces, interactions, and environments. The company announced today it has raised an $8.6 million seed investment, part of which the company plans to use...

Pimax, the China-based creator known for its wide field of view (FOV) VR headsets, announced it's secured a $30 million series C1 financing round, something the company says will aid in the rollout of its new portfolio of VR...

Prisms VR, an immersive platform for teaching math, announced it's raised $12.5 million in a Series A round, which the company says will be used to expand its VR math literacy platform to more schools across the US. Led by...

Gemba, the corporate VR learning platform, announced it's closed an $18 million Series A funding round, which the company says will be used to continue expansion into Europe, the Middle East, Africa, and North America. The latest funding round was...