Despite major layoffs from Meta, the company has affirmed that its next-gen consumer headset, Quest 3, is planned for release this year. While it will adopt some of the features from Quest Pro, not all will make the leap. In...

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...

Meta today revealed its latest quarterly earnings results, showing that Reality Labs, the company's XR and metaverse arm, had a smaller holiday season than the last, while operating costs have reached their highest levels yet. Today during the company's Q4...

Last week Meta released the latest version of the Meta Quest Developer Hub tool which has been optimized to work natively on Apple's M-series chips for better performance. The Meta Quest Developer Hub (MQDH) is a collection of tools to...

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...

The end of 2022 marks more than a decade since the Oculus Kickstarter sparked the modern era of VR. While the space has undoubtedly grown tremendously since then, 2022 felt largely like a plateau year, with Meta standing unchallenged...

In 2021, Microsoft won a United States Army defense contract worth up to $22 billion which would support the development of an Integrated Visual Augmentation System (IVAS), a tactical AR headset for soldiers based on HoloLens 2. Now Congress...

Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. Citing delayed accounts obtained from its European division, the company is...

Japanese VR studio Thirdverse today revealed it's raised $15 million, something the Swords of Gargantua developer says will be used to expand global recruitment and develop new Web3 and VR titles. In its latest round, MZ Web3 Fund has signed...

Qualcomm today announced Snapdragon AR2, its "purpose-built headworn augmented reality platform." Differentiating from the company's existing Snapdragon XR2 chips, Qualcomm says the AR2 architecture is better suited for creating AR glasses with low power consumption and compact form factors. Today...

In Meta's most recent quarterly earnings call the company shared the latest revenue figures of Reality Labs, the company's XR division. In the third quarter of the year the division hit new milestones... unfortunately not the kind investors like...

In early 2021 Meta launched App Lab for Quest which allows developers to distribute their games on the headset without going through Meta's curation process. There's now 1,457 games and apps available on App Lab, more than triple the...

Unreal Engine 5 brings two key features which stand to radically improve the realism of both 3D geometry and lighting. While the features aren't yet fully optimized for VR, early developer experiments are showing impressive results. Unreal Engine 5 launched...

At Connect 2022 this month, Meta announced the Quest content store has surpassed $1.5 billion in purchased VR content since its launch in 2019, representing continued but decelerating growth likely due mostly to market seasonality. Update (October 18th, 2022): Article...

SideQuest, the sideloading software and unofficial app store for Meta's Quest and Quest 2, announced it completed a $12 million Series A investment, this time led by Google's investment arm, Google Ventures (GV). Founded in 2019 by Belfast-based team Orla...