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.

‘Wraith: The Oblivion VR’ Studio Fast Travel Games Raises $4M Investment

Fast Travel Games, the Sweden-based VR developer and publisher behind titles such as Wraith: The Oblivion - Afterlife (2021) and Apex Construct (2018), today announced a new investment worth $4 million. Brightly Ventures, a Nordic early-stage tech investment firm, led the...

Netflix is Selling the ‘3 Body Problem’ Headset, But Sadly It’s Just a Prop

Netflix is selling the headset featured in its latest TV series 3 Body Problem, which heavily features characters accessing a shared virtual reality. Unfortunately, it's just a prop—but it's actually pretty cool as far as nonfunctional collectibles go. Sold direct from...

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...

HTC to Sell Shanghai Phone Factory for $91 Million, Invest Proceeds in VR Business

Despite its major role in the growing VR space, HTC's overall business continues to struggle financially, posting significant losses over the last two years. Working to turn things around with a restructuring of assets and priorities, the company is...

Sony Reveals Standalone MR Headset with “4K” OLED Displays and Unique Controllers

Today at CES Sony revealed a new standalone MR headset equipped with "4K" OLED displays. The headset is yet-unnamed, but the company says it's aimed at creatives building 3D content and will launch this year. Sony's unnamed standalone MR headset...

Samsung Reportedly Set to Unveil Smart Glasses at Galaxy S25 Event in January

A recent report from South Korea's Yonhap News maintains Samsung is set to unveil a pair of XR glasses at its annual Unpacked product event, which is expected to take place sometime next month. Samsung promised back in July we'd...

Unreal Engine 4.25 Improves Support for HoloLens 2, Magic Leap, Adds Azure Spatial Anchors

Unreal Engine 4.25 launched this week bringing a host of improvements to the engine's XR functionality. HoloLens 2 and Magic Leap saw the most attention, including the addition of Azure Spatial Anchors, Microsoft's cross-platform system which enables shared augmented...

[Updated] VR Headsets on Steam Hit Record High Three Months Running

For the third month running, the number of VR headsets on Steam has reached a new record high of some 2.9 million, or 2.3% of Steam users. Update (April 4th, 2021): A prior version of this article reported that monthly-connected...

Pimax Completes $15M Series A Funding Round

Pimax, the Shanghai-based VR headset manufacturer known for their upcoming wide field of view headset Pimax '8K', have raised nearly $15 million in their first post-Kickstarter investment round. According to China-based tech publication YiVian, Pimax announced on December 19th that...

Lytro Picks up Limitless Team to Build Tools to Work With Light-fields in Game Engines

Limitless, a company developing content and tools for creating cinematic VR experiences, has joined Lytro to build out tools for combining light-fields and real-time rendering directly in game engines. As we noted recently, Lytro is positioning its light-field tech as...

Meta & Plessey Announce Super Bright, High-efficiency Red MicroLED: an Important Piece in All-day AR

Meta announced in 2020 it was working with UK-based AR display maker Plessey, which was tapped to provide Meta with AR displays over the course of multiple years. Now the companies have announced they've developed what they're deeming "the...

VR Veteran Tony Parisi is Leading Unity’s AR & VR Strategy Beyond Gaming

The keynote from Unity's Vision VR/AR Summit yesterday showcased just how far Unity is reaching into non-gaming content when it comes to augmented and virtual reality. The person who is in charge of Unity's xR strategy is Tony Parisi,...

Littlstar Joins Disney Accelerator, Apps Coming Soon to Rift, Morpheus, and Vive

Disney has added Littlestar, the "VR Cinema Network," to its accelerator program. Joining the media conglomerate’s tech accelerator will give the startup access to Disney’s considerable resources and a chance to garner more investment from industry players down the...
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New Footage Shows ‘Red Matter 2’ Pushing the Limits of Quest 2 Graphics

In its announcement of Red Matter 2 earlier this year, developer Vertical Robot made the ambitious claim that it would deliver the "best graphics on mobile VR to date.” And now a new video shows the studio backing up its...

Avatar Creation Tool ‘Ready Player Me’ Raises $13M to Provide Metaverse-wide Avatars

Wolf3D, the Estonian startup behind web-based avatar creator Ready Player Me, has closed a $13 million funding round. The company says it will use the funds to further build out its avatar creation tools and eventually allow developers to earn...
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