During an interview with Bloomberg this week, Facebook Reality Labs VP, Andrew Bosworth, said that Quest 2 has outsold all Oculus headsets combined, a significant milestone for a headset which has only been available for five and a half months. Adding...

Rec Room, the social VR platform, announced it has secured a $100 million financing round, bringing the company's valuation to $1.25 billion. This makes it one of the most valuable VR companies outside of platform holders Facebook, Valve, and...

AppliedVR, a virtual reality pain management startup, today announced it has secured $29 million in funding, something it aims to use in pursuit of FDA approval for its cognitive behavioral therapy-based pain management tech. The Series A financing round includes F-Prime...

Speaking on a panel at the online GDC Showcase today, Facebook's VP of Play, Jason Rubin, and Facebook Reality Labs' VP of Content, Mike Verdu, furthered the company's bullish outlook on Quest. The duo claimed that the platform is...

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...

Pico Interactive, the Beijing-based VR headset creator, announced it has secured a fresh funding round of ¥242 million RMB (~$37 million), something the company says will help launch new hardware. Update (March 11th, 2021): Pico has provided Road to VR...

Japan-based Psychic VR Lab has announced the close of an $8.5 million investment to grow its cloud-based XR development platform, STYLY. Psychic VR Lab is the company behind STYLY, a browser-based tool which allows creators to easily build cross-platform 3D...

Hard data on the VR market is often difficult to come by, while broad 'industry reports' are often so general that it's difficult to see what things look like 'on the ground'. To get a sense of VR's outlook...

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...

In the decade that I've spent studying and reporting on VR I've had the fortune of experiencing a wide range of VR game design—a craft which is still far from 'figured out'. And while I have no intention of...

Although Quest 2 is a standalone headset, it can also be plugged into a PC to play PC VR games through Oculus PC and Steam. The headset's holiday success has clearly bled through into the PC VR landscape, as...

Vertigo Games, the studio behind Arizona Sunshine (2017) and upcoming VR shooter After the Fall, today announced that it has acquired SpringboardVR, creators of the eponymous location-based VR content distribution platform. The acquisition amount was undisclosed, however the move is slated...

Oculus today introduced a program called App Lab, a new effort which will allow developers to distribute their VR apps on Quest without being subject to a quality review 'curation' process. Though apps still need to meet Oculus' technical...

Beat Saber has officially reached 4 million units sold, Oculus today announced, along with 40 million songs of paid DLC, pushing the app's estimated revenue to $180 million. By now, Beat Saber can be considered nothing less than VR's first killer app...

Adding to a growing number of data points showing why Facebook has shifted its attention away from Oculus PC is the difference in momentum between the two platforms as revealed by game review counts over time. This month, the number...