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.
Epic’s HoloLens 2 Demo ‘Apollo 11: Mission AR’ Showcases Impressive PC-quality Graphics
Epic Games today released a new video featuring a demo for HoloLens 2 that aims to show off just what sort of graphics can be achieved on Microsoft's latest standalone AR headset. Called Apollo 11: Mission AR, the interactive demo is...
Backed by $4.4M in Funding, Devs Behind ‘Job Simulator’ & ‘Fantastic Contraption’ Announce New XR Startup
Developers behind critically acclaimed VR games Job Simulator (2016) and Fantastic Contraption (2016) today announced they're founding a new studio dubbed Absurd Joy. To give them a big push along their quest to "invent entirely new ways to interact, play, and experience immersive...
VR Fitness Startup YUR Secures $1.1M Investment, Releases Calorie-counting Software for Quest
YUR, a VR fitness company, today announced it's secured $1.1 million in pre-seed funding, something the company says will help them to further use VR to address what it considers a 'worldwide epidemic of sedentary behavior'.
The pre-seed investment round...
Applications for Vive X, HTC’s AR/VR Startup Accelerator, Close September 30th
The application deadline for HTC's VR startup accelerator program is coming up quickly on September 30th. Now in its fifth batch of investments, the Vive X accelerator aims to help grow the global AR/VR ecosystem by providing tools, expertise,...
WaveOptics Secures Additional $13M to Expand AR Optics Manufacturing
WaveOptics, a designer and manufacturer of waveguide optics for AR displays, announced it's raised a total of $39 million (£30m) in Series C funding, something the company says will help scale its business operations in the UK, US and...
Immersive Social Platform ‘VRChat’ Raises $10 Million in Venture Capital
VRChat announced today that it has closed a $10 million Series C investment to continue expanding its immersive social platform which is steeped in user-generated content.
VRChat is an immersive social platform that allows VR and non-VR users to socialize...
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...
Sony Acquires Insomniac Games, Delivering a Strategic Blow to Oculus Studios in the Process
Sony Interactive Entertainment announced Monday that the company is acquiring Insomniac Games, a storied game studio and one of the most experienced in VR development anywhere in the world. The studio has developed three Oculus exclusive titles, with its fourth...
OpenXR 1.0 Released, Microsoft Supports HoloLens 2 & WMR, Oculus Plans Rift & Quest Support
OpenXR, a widely supported initiative which aims to streamline AR/VR development across headsets and platforms, has reached its 1.0 release today. It's a major milestone, according to Khronos Group which has overseen development of the standard by a consortium...
DisplayPort 2.0 Supports Dual 4K VR Displays @120Hz
The Video Electronics Standards Association (VESA) has officially released DisplayPort 2.0, representing the first major update to the audio/video standard since the entrance of DisplayPort 1.4 back in March 2016.
DisplayPort 2.0 is said to provide up to a 3×...
Xbox Game Studios Has (inadvertently?) Acquired Heaps of VR Development Talent
A year ago, in response to Sony consistently delivering high-quality exclusives for PS4, Microsoft made a commitment to rejuvenating its first-party game development efforts and went on a shopping spree, acquiring a handful of respected studios to bolster its...
Studio Behind Social VR App ‘Rec Room’ Raises $24 Million in Funding
Against Gravity, the studio behind the popular social VR game Rec Room, has raised an addition $24 million in venture capital across two investment rounds.
Speaking to TechCrunch, Against Gravity says that it has raised $24 million in venture funding in...
Analysis: Monthly-connected VR Headsets on Steam Pass 1 Million Milestone
Valve's monthly Steam Survey has long offered useful insight into the share of VR headsets in use on Steam. But the figures provided are relative to the non-static Steam population, which obfuscates the actual adoption trend of VR headsets...
Apple Announces ARKit 3 with Body Tracking & Human Occlusion
At the company's annual WWDC developer conference today, Apple revealed ARKit 3, its latest set of developer tools for creating AR applications on iOS. ARKit 3 now offers real-time body tracking of people in the scene as well as...
Waveguide Maker DigiLens Closes $50 Million Series C Investment
DigiLens, a creator of waveguide optics and related manufacturing technology today announced the closure of a $50 million Series C investment, adding UDC Ventures and Samsung Ventures to its list of investors.
Update (May 14th, 2019): DigiLens creates waveguide optics for...




















