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.
Vrgineers Secures $6M to Accelerate Wide-FOV VR for Enterprise
Vrgineers, the US-Czech company known for its wide-FOV PC VR headsets for enterprise, announced it's secured a $6 million Series A investment.
The funding round was led by Taiwania Capital, a venture capital firm based in Taipei, Taiwan. Returning investors include...
HTC Launches Inside-out ‘Vive Ultimate Tracker’ for $200
First revealed at GDC 2023 earlier this year, HTC has now launched its long-awaited inside-out tracking accessory, which is now dubbed the Vive Ultimate Tracker.
Unlike previous Vive Trackers, Vive Ultimate Tracker makes use of inside-out optical tracking instead of...
Varjo Reveals XR-4 Headset, Claiming Mixed Realty Visuals “indistinguishable from natural sight”
Varjo has announced its latest high-end enterprise headset, the XR-4. The company is going all out on the headset's mixed reality capabilities, saying that the view of the outside world as seen through the headset is "indistinguishable" from how...
Samsung Files XR ‘Glasses’ Trademark in the UK
Samsung has secured a trademark with the UK's Intellectual Property Office for 'Samsung Glasses', which could mean we're finally seeing some movement from the South Korean tech giant to release an XR headset.
Filed in August and later entered into registry...
VR Veteran Studio nDreams Acquired by Aonic for $110M
nDreams, the veteran VR studio, today announced it was acquired by video gaming group Aonic for $110 million.
The Farnborough, UK-based nDreams has changed a fair bit since its founding in 2006. Having taken up VR game development full-time in...
Varjo Teaser Strongly Suggests New XR-4 Headset Reveal
High-end enterprise headset maker Varjo is teasing an online "special event" where it says viewers will "discover the future of VR/XR." The tease heavily points in the direction of the company's next headset, likely the XR-4.
Varjo has been steadily...
Valve is “still working on VR and still pushing forward on it”
Valve unveiled its Steam Deck OLED late last week, offering up a hardware refresh for the first time since the company launched the handheld gaming device last year. While the company has been full steam ahead on handhelds and...
‘Tokyo Chronos’ Studio MyDearest Secures $7.8M to Further Expand IP on Quest & PSVR 2
MyDearest, the Japan-based VR studio behind the Chronos adventure game franchise, announced it's secured $7.8 million (1.2 billion yen), something the studio says it will use to expand its existing IP for VR headsets, such as Meta Quest and...
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...
Report: Pico to Layoff “hundreds” as Company Shifts Focus to Hardware
There were rumors circulating late last month that TikTok parent company ByteDance was set to spin down its China-based VR headset company, Pico Interactive. While the company dismissed those rumors, a new Reuters report maintains Pico is soon set to...
‘Arizona Sunshine’ Studio Working on Unannounced “AAA VR game” Based on a Global Franchise
According to a recent job offer posted by Amsterdam-based developer Vertigo Games, pre-production has begun on a "high-profile, multiplatform AAA VR game," which is said to be based on a globally recognized franchise.
Posted earlier this month, the studio is looking...
HTC is Sending a VR Headset to the ISS to Support Astronaut Mental Health
Virtual reality is already being used on the ground to help prepare astronauts for the rigors of space, although now HTC says it's sending its standalone VR headset Vive Focus 3 to the International Space Station (ISS) to help...
Magic Leap Shakes up Leadership with New CEO
Magic Leap, maker of one of the best AR headsets on the market, is making a major change to its leadership with a new CEO that will face the challenge of carving out territory for its transparent AR technology...
Reality Labs Revenue Drops to Lowest Point on Record Ahead of Quest 3 Launch
Meta today announced its third quarter earnings, revealing that revenue of its Reality Labs XR division dropped to its lowest point on record, just ahead of the launch of Quest 3. All eyes are now on the holiday season...
Pico Shutdown Rumors are False, Says Parent Company ByteDance
A recent rumor, which alleged that TikTok parent company ByteDance is slated to spin down its XR hardware subsidiary Pico Interactive, is false, the company says.
China-based publication EqualOcean reported late last week that ByteDance is set to "gradually abandon the PICO...


















