At Unity's Unite keynote in November, Otoy's Jules Urbach announced that their Octane Renderer was going to be built into Unity to bake light field scenes. But this is also setting up the potential for real-time ray tracing of...

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...

On the hunt for 'the Pixar of VR' a cast of big names have joined for a $6 million series A investment in virtual reality animation studio Baobab. Baobab Studios today announced a series A funding round led by Comcast Ventures,...

OpenXR is a royalty-free standard for cross-platform VR and AR development. It's backed by many of the biggest names in the VR and AR industries and has been in development by the consortium for two years now, organized by...

San Francisco based VC firm Rothenberg Ventures has announced the second class of their 'River' program, which includes $1 million of investment capital across 10 new VR startups. With this second class the firm has also expanded the scope of...

Today we publish the 2016 Virtual Reality Industry Report. Co-authored with VR business intelligence firm Greenlight VR, the report is a distillation of years of experience, research, and analysis into an accessible and comprehensive foundation of the virtual reality landscape, with the...

Despite industry woes, XR development has largely stayed consistent, according to the annual Game Developer Conference (GDC) State of the Game Industry Survey, noting that 35% of developers who responded are building for XR. The San Francisco-based conference is a...

Magic Leap today announced that it has raised $500 million in new capital at a $2 billion valuation. This comes ahead of the launch of its upcoming AR headset, Magic Leap 2, which it promises will be smaller, lighter,...

WaveOptics, a manufacturer of diffractive waveguide optics for AR displays, today announced it has raised a $25 million Series C investment which will be used to continue building a large volume supply chain for the company's optics. UK-based WaveOptics said...

Magic Leap, the augmented reality headset manufacturer, has added another couple hundred million dollars to its Series D investment round, this time $461 million led by The Public Investment Fund, Saudi Arabia’s sovereign investment arm, Tech Crunch reports. According to the...

Wolf3D, the Estonian startup behind web-based avatar creator Ready Player Me, has closed a $13 million funding round. The company says it will use the funds to further build out its avatar creation tools and eventually allow developers to earn...

Pico Interactive, the Beijing-based standalone VR headset manufacturer, successfully completed a ¥167.5 million RMB (~$24.7 million) Series A funding round. To accompany the news, Pico also announced their second iteration of their Goblin standalone headset, dubbed G2. As reported by...

Oculus plans to further open up the mixed reality capabilities of Quest with new tools that will allow developers to build apps which more intelligently integrate with the user's real room. In the near future developers will also be...

Already have some basic game dev experience and looking to get into VR? Then you may be interested in Oculus and Unity's new intermediate level VR game development course, which is not only free, but can get you some...

VRChat, the popular social VR platform, announced its secured a Series D funding round of $80 million, which brings to the startup more than five times its overall lifetime investment. The round was led by Anthos Capital, alongside participating investors...