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.
One of VR’s Most Sucessful Studios is Building Two Brand New Games
Cloudhead Games is one of VR's most senior and most successful studios. Having not launched a new game since Pistol Whip in 2019, the studio tells Road to VR that two brand new VR games are in development.
Cloudhead Games might be old-school...
Hands-on: Meta Ray-Ban Display Glasses & Neural Band Offer a Glimpse of Future AR Glasses
The newly announced Meta Ray-Ban Display glasses, and the 'Neural Band' input device that comes with them, are still far from proper augmented reality. But Meta has made several clever design choices that will pay dividends once their true...
Samsung Android XR Headset Rumored to Release Next Month, Undercutting Apple Vision Pro
Samsung could be launching its Project Moohan mixed reality headset next month, according to a report from South Korea's ETNews (Korean), which hopes to take on Apple Vision Pro in the prosumer XR segment.
Citing industry sources, ETNews maintains that Samsung’s Mobile Experience...
Veteran VR Studio of ‘Waltz of the Wizard’ Pausing PSVR Development Until Sony Addresses PS5 Roadmap
Veteran VR developer Aldin Dynamics, the studio behind Waltz of the Wizard, says it is pausing development on PSVR titles until Sony clarifies plans for the future of VR on PS5.
While Sony has brought PSVR to PS5 thanks to backwards...
Online Dating Company Announces $20M Annual Fund to Accelerate “virtual intimacy” Startups
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...
Scope AR Secures $9.7M Series A to Develop AR Training & Remote Assistance Tools
Scope AR, the enterprise-focused AR studio, today announced it has successfully closed a $9.7 million Series A funding round to further develop it cross-platform AR work training and on-site instruction tools.
The company's Series A was led by Romulus Capital,...
Osso VR Secures $14M Investment to Further Develop VR Surgical Training Platform
Osso VR today announced it has raised $14 million in Series A funding to further develop its VR surgical training platform.
The financing round was led by Kaiser Permanente Ventures, with participation from SignalFire, GSR, Scrum Ventures, Leslie Ventures and OCA...
Meta Has Sold Nearly 20 Million Quest Headsets, But Retention Struggles Remain
Meta has sold nearly 20 million Quest headsets, but the company continues to struggle with keeping customer using VR.
According to a report by The Verge, citing an internal Meta presentation held today, the company has sold nearly 20 million Quest...
‘Rec Room’ Studio Raises $5M “to continue to build the future of Social VR”
Seattle-based VR studio Against Gravity has today announced they have received $5M in seed funding to continue to build Rec Room, the studio's social VR platform.
Only launching last summer, the app has quickly become a success story, winning over fans on both Steam and Oculus Home with...
Innovate UK Awards £210k to VR and AR Pioneers
There are a number of initiatives out there trying to encourage development into the huge potential represented by virtual and augmented reality's current renaissance. None we've seen are quite as wide in remit though as Innovate UK's national UK...
Roto VR Picks up $1.86M Investment to Support Roll-out of Rotating VR Chair
Roto VR, the UK-based makers of the eponymous 360-degree VR chair, today announced its completed a £1.5 million (~$1.86 million) funding round. Investors include Consumer Venture Capital Trust, Pembroke VCT, and The TVB Growth Fund.
You may remember Roto VR...
Report: Apple Could Release an AR Headset as Early as 2020
With the release of iOS 11, hundreds of millions of Apple devices gained the ability to perform basic augmented reality functions, albeit viewed through the screens of iPhones and iPads. While capable of providing some pretty useful and interesting apps, the next logical...
Quest App Lab Soars to 1,440 Apps, More Than Tripling Those on the Main Store
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...
Meta’s Next-gen Smart Glasses Reportedly Set to Include a Display & Wrist-worn XR Controller
Meta is reportedly working on a version of its Ray-Ban smart glasses which will include a single display for viewing photos and apps. Now, according to a new Bloomberg report from Mark Gurman, the company is aiming to introduce it...
Infinite Reality Acquires Napster for $200M to Create Social Music Platform & Virtual Concerts
Napster. Now there's a name you haven't heard in a few years... or more likely decades. Now, immersive web company Infinite Reality announced it's acquired the brand for $207 million.
Having just closed a $3 billion investment in January, Infinite...



















