XR Industry News
The latest news on the XR industry. Covering AR, VR, MR, spatial computing, and the most important companies and platforms in the field.
Google’s Chief Game Designer to Talk Tango at GDC, Augmenting Virtual Reality with the Real World
Google will be demoing some of their new sensor-assisted virtual reality technology at this year's Game Developers Conference in San Francisco, which promises to "enable Holodeck-like experiences with less than $100 add-on cost" to mobile devices. While not explicitly named,...
Magic Leap 2 Update Claims Vastly Improved Hand-tracking, Biometric ID, & More
A major update to Magic Leap 2 claims to improve many of the device's core capabilities.
With all that's happened in the XR space recently, it's hard to believe that Magic Leap 2 has hardly been out for more than...
FundamentalVR Partners with Mayo Clinic to Develop VR Surgical Simulations, Raises $1.4M Financing
FundamentalVR, the training and data analysis technology platform, today announced a three-year deal to jointly develop surgical VR simulation and education products with Mayo Clinic, the world-renowned academic medical center. FundamentalVR has also raised an additional $1.4 million in financing...
The 20 Best Rated & Most Popular Quest Games & Apps – June 2022
While Oculus doesn’t offer much publicly in the way of understanding how well individual games & apps are performing across its Quest 2 storefront, it’s possible to glean some insight by looking at apps relative to each other. Here’s...
Quest 2 Stock Appears to be Draining as Holiday Sale Drives Purchases
Although Quest 3 is Meta's hot new headset release, an attractive holiday deal looks like it'll make Quest 2 the company's best selling headset this year. Looking at the stock available directly from Meta shows that Quest 3 availability...
Investing in Exponential Technologies with Andreessen Horowitz: VR, AI, & Drones
Kyle Russell is on the deal & research team for venture capital firm Andreessen Horowitz (aka A16z) where he's focusing on investing in technologies ranging from virtual & augmented reality, artificial intelligence, drones, and other exponential technologies like quantum computing....
Resolution Games Secures $25M Series C Funding, ‘Demeo’ Surpasses “multi-million dollars” in Revenue
Resolution Games, the studio behind popular multiplayer VR titles Demeo (2021) and Blaston (2020), today announced it has secured a Series C funding round of $25 million. The Stockholm-based company says the investment will be used to bring "proper...
NVIDIA GTC VR Content Showcase to Award $30k in Cash & Prizes to Non-gaming Applications
At NVIDIA's upcoming GTC 2017 conference on May 8-11, the company plans to award $30,000 in cash and prizes to the winners of the VR Content Showcase which is seeking companies focusing on content other than gaming which is using or...
Snapchat CEO to Keynote AWE 2025 as Company Aims to Strengthen Its Position in XR
The CEO of Snap Inc, the company behind Snapchat and the Spectacles AR glasses, will take the stage at AWE 2025 in June to highlight the company's latest developments in AR. The prominent placement on the event's schedule comes...
Facebook Acquires the VR Studio Behind ‘Asgard’s Wrath’, Sanzaru Games
Just a few months after the acquisition of Beat Saber studio Beat Games, Facebook today announced the acquisition of Sanzaru Games, the studio behind the Oculus-exclusive Asgard's Wrath and a handful of other VR titles. Sanzaru will join Facebook's...
Social AR/VR Workspace ‘Spatial’ Secures $14M Series A Financing
Spatial, a New York-based startup behind the eponymous real-time AR/VR collaboration platform, has secured $14 million in additional financing, bringing its overall funds to $22 million.
The latest funding round was led by White Star Capital, iNovia and Kakao Ventures, with...
‘Lone Echo’ Developer Shows Impressive Procedural Hand-posing System for VR
Lone Echo, Ready At Dawn’s upcoming space-based VR game, employs a physics-based movement system where the player pushes and pulls themselves around a zero-gravity environment. A video presented at GDC highlights their procedural animation system that allows for convincing...
Unreal Engine 4.20 Ships With Native Mixed Reality Compositing for VR, New AR/VR SDKs
Unreal Engine 4.20 officially launched today with heaps of updates. In the VR realm, the new version brings native mixed reality video compositing for VR applications, and an update to a much newer Oculus SDK. On the AR front, UE...
HTC Cuts Vive XR Elite Price in More Regions Ahead of New Headset Reveal
HTC has reduced the price of Vive XR Elite, its flagship standalone headset, cutting it from $1,100 to $900.
Update (August 12th, 2024): In addition to permanently cutting the price of Vive XR Elite in the US, HTC has announced...
HTC Leads $4M Series A Investment in Social VR Platform ‘VRChat’
VRChat, one of the earliest social VR apps, announced that they've completed a $4 million Series A investment round lead by HTC's Vive group. Joining HTC are venture capital firms Brightstone VC, GVR Fund and Rothenberg Ventures.
The Series A funding round...



















