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.

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.

‘Resident Evil 4 VR’ is the Fastest-selling Quest Game to Date

Meta today announced that Resident Evil 4 VR is the fastest selling game on Quest to date. The game quickly became one of the most rated titles on Quest just a few weeks after launch. Resident Evil 4 VR is the most...

Resolution Games Acquires Studio Behind ‘Carly and the Reaperman’ Quest Port

Resolution Games, a leading developer of XR content, has acquired Zero Index, the studio which helped bring Odd Raven Studios' VR co-op game Carly and the Reaperman (2018) to the Quest platform earlier this year. Zero Index is a game studio...

Niantic Raises $300M Investment at $9 Billion Valuation to build “real-world metaverse”

Niantic, the company behind Pokémon GO, today announced it has raised a $300 million Series D investment which values the company at $9 billion. Beyond its geo-location games, the company has been building out a world-scale framework which it believes...

Leading Hand-tracking Company Ultraleap Raises $82 Million Investment

Ultraleap, a leading company focused on hand-tracking interfaces, this week announced it has secured a £60 million (~$82 million) Series D investment, with the goal of expanding its hand-tracking and mid-air haptic tech in the XR space and beyond. Formerly known...

The 20 Best Rated & Most Popular Quest Games & Apps – November 2021

While Oculus doesn’t offer much publicly in the way of understanding how well individual apps are performing across its VR storefronts, it’s possible to glean some insight by looking at apps relative to each other. Here’s a snapshot of...

Social VR Startup Raises $57 Million Investment Led by Major Japanese Mobile Network

Japanese social VR startup HIKKY announced today that it has raised ¥6.5 billion (~$57 million), led by Japanese mobile network operator NTT Docomo. The startup says it will use the funds to expand its web-based metaverse platform. Founded in 2018,...

Now Available: New Quest Rendering Tech Promises Massive Gains in App Performance

At Connect 2021 last week, Meta revealed a new Quest rendering technology called Application Spacewarp which it says can increase the performance of Quest apps by a whopping 70%. While similar to the Asynchronous Spacewarp tech available to Oculus...

Resolution Games Estimates VR Has 5 Million Active Users

Resolution Games, which has been making VR games since 2016, estimates that the VR industry currently has around 5 million active VR users. In the VR industry it's hard to find good data on the number of headsets sold, and...

Sandbox VR Announces $37M Series B Funding to Expand Out-of-home VR Locations

Out-of-home VR destination Sandbox VR today announced an additional $37 million funding round that the company is using to support its continued expansion. In addition to its dozen worldwide locations, Sandbox VR says it's working to nearly doubling that. The Series...

Resolution Games Expands to Focus More Development on AR Games

Resolution Games, a leading developer of XR content, today revealed a new AR division of the company that will focus more directly on the creation of AR content. Today during the Augmented World Expo conference, Resolution Games CEO Tommy Palm...

Meta Buys Dev Behind VR Fitness App ‘Supernatural’, Its Sixth VR Studio Acquisition in Two Years

Meta (formerly Facebook) today announced its sixth VR studio acquisition. This time it's Within, the studio behind the popular Quest exclusive VR fitness app Supernatural. Meta announced the acquisition of Within on the Oculus blog saying that the studio will be...

Oculus Expanding Quest Mixed Reality Capabilities With Enhanced Developer Tools

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...

Facebook’s 2021 XR Investments to Total $10 Billion, Even More in 2022 & Beyond

In the company's Q3 2021 earnings call Facebook today said it expects its XR investments this year to top $10 billion, and advised investors that it plans to spend even more than that in subsequent years. Facebook's top brass believe...

The 20 Best Rated & Most Popular Quest Games & Apps – October 2021

While Oculus doesn’t offer much publicly in the way of understanding how well individual apps are performing across its VR storefronts, it’s possible to glean some insight by looking at apps relative to each other. Here’s a snapshot of...

CEO Shares First Details on Magic Leap 2, Announces $500 Million in New Funding

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,...
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