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.
CREAL Picks up $7.4 Million in Funding for Its Light-field Tech
When we caught up with CREAL and its light-field tech at CES 2020 this week, the founders also filled us in on the latest happenings with the company, including the closure of a recent funding round which, between investments...
HaptX Secures $12M Financing to Produce Next Generation of Haptic Gloves
HaptX, a producer of haptic VR gloves, today announced it's secured $12 million in its Series A financing round. The company has additionally signed a strategic partnership with Advanced Input Systems, which the companies say will include shared product...
Varjo Unveils ‘Workspace’ User Interface, Exploring the Future of Always-on AR/VR Workflows
Varjo Technologies today announced its new user interface, code-named ‘Varjo Workspace’, which is designed to seamlessly let professionals use their Windows computer applications and 3D software tools with the company's recently announced developer-focused AR/VR headset, Varjo XR-1.
The company's software...
‘Angry Birds Movie 2 VR’ Studio Raises $2M to Continue Development on AR/VR Games
XR Games, the studio behind couch co-op VR game The Angry Birds Movie 2 VR: Under Pressure (2019), has secured $2 million (£1.5 million) in a recent funding round, which was led by Praetura Ventures alongside existing investor ACT Capital...
With 10M Views in 24 Hours, ‘Half-Life: Alyx’ Has Thrust VR Into the Mainstream Gaming Spotlight
The modern era of VR has been around in earnest for about three and a half years now. Though it has clearly demonstrated its potential and is slowly growing, adoption has remained niche compared to the broader mainstream gaming...
Source 2 Tools Will Ship with ‘Half-Life: Alyx’ for VR Content from the Modding Community
Half-Life: Alyx is due to launch in March 2020; alongside it, Valve plans to release tools for its Source 2 engine which will let community creators build more VR content for the game and beyond.
Modding has long been a...
Lenovo Partners with Varjo to Validate Enterprise PCs as ‘Certified for Varjo’
Varjo, maker of 'bionic eye' headsets, is gaining increasing notoriety as the high-end option in the enterprise VR space. This week Varjo announced a partnership with Lenovo which will see the PC maker specially certifying some of its enterprise...
LIV Secures $2.6M in Funding to Further Expand Mixed Reality Streaming Platform
LIV, the Prague-based team behind the eponymous mixed reality game-streaming platform, has secured $2.6 million in a Series A financing round, something the company says will be used to expand its development team, accelerate its streaming technology, and to...
Glue Collaboration Raises $3.85M Financing to Further Develop Business-focused Social VR Platform
Glue Collaboration, a Helsinki-based company developing remote collaboration tools for AR/VR, today announced that it has completed a new seed round of financing, raising a total of €3.5 million (~$3.85 million) to support continued growth of its business-focused social...
Oculus & Unity Release Free VR Development Course with 20 Hours of Content
Already have some basic game dev experience and looking to get into VR? Then you may be interested in Oculus and Unity's new intermediate level VR game development course, which is not only free, but can get you some...
Unity Plugin Aims to Streamline Haptics for VR Developers
RGB Haptics is a new Unity-based tool that aims to make it easier for developers to create and implement haptic effects in VR games.
Haptics are important in games in general, but especially in VR—because the medium gives players significantly...
Magic Leap Releases Toolkit With Pre-built Components for Easier AR Development
Magic Leap has released a new set of development components in a 'Magic Leap Toolkit' (MLTK) which includes a slew of pre-built tools which aim to make it easier for creators to bring their AR vision to life without...
New Oculus Social Tools Will Help VR Feel More Like a Place, Less Like a Game
Social and Multiplayer VR can be incredibly compelling, but the process of actually 'finding' your friends in VR is still a clunky and often frustrating process. Oculus is developing a new set of social and multiplayer tools which stand...
FundamentalVR Raises $5.6M Investment to Further Develop VR Surgery Training Tools
FundamentalVR, a company specializing in VR medical training, has closed a £4.3 million (~$5.6 million) Series A funding round in effort to further develop its surgical training and data analysis platform, Fundamental Surgery.
The funding round was led by Downing...
Sandbox VR Raises $11M Investment from Will Smith, Justin Timberlake, Katy Perry & More
Sandbox VR, the location-based VR attraction, announced an additional $11 million in funding from some of the biggest household names in entertainment and investment.
Sandbox VR says in a press statement that their latest investment brings their total funds to...




















