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.

SyncThink Closes $3.5 Million Series A Funding to Further Develop VR-based Concussion Detection

SyncThink, a Berkeley-based eye-tracking and brain firm, announced the closing of a $3.5 million Series A-1 funding round led by Quadrant Management. The company expects to use the funds to continue development on their EYE-SYNC technology, a VR-based eye-tracking technology to help...

XR Training & Gaming Startup Touts $5.2M Investment and Lamar Jackson Partnership

XR startup StatusPRO has announced it has raised a $5.2 million seed investment. While the company hasn't fully revealed its product, it says it's using AR and VR to create immersive sports training and gaming experiences. Teasing a partnership...

VR Studio Behind Movie Tie-in Games Aims to Kick-start Original IP with $2M Investment

UK-based VR studio XR Games, known for its recently released Zombieland VR game, announced this week that it has raised an additional £1.5 million (~$2 million) investment to expand its studio with 20 new jobs and a focus on...

VR Port Studio Joins Andreessen Horowitz Accelerator, Earning Investment and Validation

Flat2VR Studios has been accepted into the SPEEDRUN accelerator, not only giving the studio a financial boost on its mission to bring VR support to non-VR games, but a good measure of validation too. Hosted by A16Z Games, a games-focused...

Magic Leap Raises $461M in New Funding Led by Saudi Arabia’s Investment Arm

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...

Light Field Lab Secures $28 Million to Develop Holographic Displays

Light Field Lab, known for its advancements in light-field display technology, successfully completed a Series A funding round, scoring the firm over $28 million in venture capital to manufacture and distribute working products. The investment round was led by...

Hands-on: Sony’s New MR Headset Impresses with Clarity & Ergonomics, But Still Needs Tuning

Sony's new headset, officially dubbed the SRH-S1 "content creation system" combines a compact form-factor with novel controllers. I got to check out the headset first-hand at AWE 2024 and came away impressed with the headset itself, even if the input...

Making Valve’s OpenVR Truly Inclusive for VR Headsets

With multiple proprietary VR systems on their way to retail, development fragmentation in the VR market has recently become a hot topic in the VR community. In this guest article, a veteran developer who goes by the name of...

Lynx Teases Next Mixed Reality Headset for Enterprise & Professionals

Lynx teased its next mixed reality headset, which is hoping to target enterprise and professional users across training and remote assistance. The News At MicroLED Connect last month, Lynx CEO Stan Larroque announced he aimed to reveal the company's next mixed...

‘Audio Factory’ is a Compelling Showcase of Google’s Spatial Audio Engine for VR

Google has released a Daydream VR app called Audio Factory, a polished and even entertaining demonstrating their Spatial Audio Engine for VR. Described as “VR’s second sense”, spatial audio is a key aspect of maintaining a high level of...

Meta Restructures Reality Labs to Better Focus on Ray-Ban Smartglasses and Other Wearables

Reality Labs, Meta's XR division formed in 2020, is now being reorganized into two distinct groups, 'Wearables' and 'Metaverse', which reportedly comes along a "relatively small" number of layoffs. As reported by The Verge's Alex Heath, Meta CTO and head of...

Xiaomi Unveils Wireless AR Glasses Prototype, Powered by Same Chipset as Meta Quest Pro

Chinese tech giant Xiaomi today showed off a prototype AR headset at Mobile World Congress (MWC) that wirelessly connects to the user's smartphone, making for what the company calls its "first wireless AR glasses to utilize distributed computing." Called Xiaomi...

‘Metro Awakening’ Studio Vertigo Games Sells Off VR Arcade Content Platform SpringboardVR

Vertigo Games, the studio behind the Arizona Sunshine series and Metro Awakening (2024), announced it's sold off SpringboardVR, the location-based entertainment (LBE) VR content distribution platform. Vertigo Games acquired SpringboardVR in 2021, announcing at the time it was looking forward to "leading SpringboardVR into...

VR Industry’s Biggest Players Are Banding Together to Create an Open VR Standard

The Khronos Group announced on Tuesday that they have a critical mass of major VR players who are collaborating on a VR open standard. This VR open standard will have a software and hardware component that will enable VR...

Pimax Says ‘VR Station’ PC VR Console is Still in Development

Two and a half years ago, Pimax announced VR Station, a compact, console-like computer for running PC VR content that would be wirelessly streamed to its Reality "12K" and Crystal headsets. And while the "12K" still hasn't shipped (and...
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