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.
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,...
More Than Two Years After Launch, Valve Index is Now the Second Most Used Headset on...
While Quest 2 has certainly soaked up much of the attention as it quickly became the most used headset on Steam, Valve's expensive Index headset has proven its longevity, now taking second place among the most used headsets on...
Promising VR MMO ‘Zenith: The Last City’ Just Got a Huge Boost With $10 Million in...
Ramen VR, the studio behind the upcoming VR MMO Zenith: The Last City announced today that it has raised $10 million in venture capital. The game is set to launch later this year on all major headsets.
Zenith: The Last City got...
AR Glasses Creator Nreal Secures $100M Series C Financing to Expand Internationally
Chinese AR glasses startup Nreal announced it's raised a fresh $100 million Series C financing round, something it says will be used for R&D and to fund wider international expansion.
As first reported by CNBC, the latest round reportedly brings...
The 20 Best Rated & Most Popular Quest Games & Apps – September 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...
Quest 2 Sees Its First Loss in Share on Steam But It’s Hardly Done Growing
Since the launch of Quest 2 the headset has steadily taken over as the leading PC VR device used on SteamVR, now accounting for about one-third of all headsets being used on the platform. After a month long sales...
Voices of VR Podcast’s 1,000th Episode Looks Back on Seven Years of the VR Industry
Just this weekend the Voices of VR Podcast reached an impressive milestone; in the podcast's 1,000th episode, host Kent Bye looks back at his conversations with members of the VR industry over the last seven years to parse where the moderrn...
Pico Confirms Acquisition by TikTok Parent Company, Rumored $775 Million Purchase Price
Following rumors that it was poised to be acquired by TikTok parent company ByteDance, VR headset maker Pico has confirmed the purchase, according to reporting by Chinese VR publication Nweon. The acquisition price hasn't been officially announced but is rumored...
The Co-founder of One of Gaming’s Most Lauded Studios Believes XR is the Future
Jason Jones is the co-founder of Bungie, the legendary gaming studio behind franchises like Halo and Destiny. In a pre-show interview ahead of today's Destiny 2 Showcase, Jones professed a sincere belief that AR and VR (XR) technology is going to...
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...
FTC Sues Facebook Over Alleged Monopolization – What it Could Mean for Oculus
The United States Federal Trade Commission today announced it has filed an amended complaint with the U.S. District Court for the District of Columbia, renewing its effort to sue Facebook over alleged anticompetitive practices. The initial lawsuit was filed in...
















