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.

Early VR Pioneer CCP Games Acquired by ‘Black Desert Online’ MMO Developer for $425M

CCP Games, an Icelandic game studio known for the long running EVE: Online MMO and their eager jump into and eventual backpedaling in the VR space, has been acquired by Korea-based developer Pearl Abyss, the studio behind the MMO Black...

Rift and Windows VR Squeeze Marketshare from Vive in Latest Steam Survey

In the latest set of data from Valve's monthly Steam Hardware & Software survey, the Oculus Rift and Windows VR headsets posted gains in marketshare at the expense of the HTC Vive. Each month, Valve runs a survey among Steam users to...

Avegant Raises $12M Financing to Further Develop AR Display Tech

Avegant, the AR display company known for its Glyph head-mounted display, announced that the company has successfully closed a $12M Series AA financing, which will allow them to further develop their light field technologies and "high resolution, low latency,...

Oculus Avatars Are Finally Going Cross-platform

Oculus had announced almost a year ago now that they planned to take their Oculus Avatars system cross-platform. Now, with last week's release of Oculus Avatar SDK 1.28, the package is finally ready to be deployed cross-platform, meaning that...

Oculus Founder Serves up Scathing Review of Magic Leap One, Calling It a “Tragic Heap”

While Palmer Luckey provided his own Magic Leap One headset to iFixit for their tear down, the founder of Oculus certainly had his chance for a proper review before the spudgers and screwdrivers came out, and he isn't pulling...

Ubiquity6 Raises $27M Series B, Debuts Its First Public Multiuser AR Experience at SFMOMA

Ubiquity6, the AR startup that came out of stealth earlier this year, announced the successful completion of a $27 million Series B finance round. The latest round was co-led by Benchmark and Index Ventures, with Benchmark taking a seat...

PlayStation VR Passes 3 Million Units Sold

Sony today announced that PlayStation has sold more than three million units, showing consistent sales over the course of the headset's nearly two years on the market. Announced on the official PlayStation blog today, the three million unit milestone is...

How VR’s Next Generation Shows Key Signs of a Maturing Market

VR feels like it's simultaneously moving fast and slow. It's been two years and four months since the leading PC VR headsets, the Oculus Rift and HTC Vive, hit shelves. The leading high-end headset overall, PSVR, has only been...

Latest Steam VR Headset Marketshare Data Stable Among Vive, Rift, & WVR

Valve’s latest monthly Steam Hardware & Software survey is available. While the last few months have seen ups and downs, July turned out to be a surprisingly stable month for all the headsets on the map. Each month, Valve runs...

Pico Raises $24M Series A Funding, Goblin 2 Standalone Headset Announced

Pico Interactive, the Beijing-based standalone VR headset manufacturer, successfully completed a ¥167.5 million RMB (~$24.7 million) Series A funding round. To accompany the news, Pico also announced their second iteration of their Goblin standalone headset, dubbed G2. As reported by...

Supermedium Raises $1.1M Seed Funding to Further Develop Web-based VR

Supermedium, the team behind the eponymous VR web browser released earlier this year, recently raised a seed investment round of $1.1 million. As reported by Tech Crunch, funding comes from Y Combinator, General Catalyst, Boost VC, Anorak Ventures, Candela Partners, Social...

Unreal Engine 4.20 Ships With Native Mixed Reality Compositing for VR, New AR/VR SDKs

Unreal Engine 4.20 officially launched today with heaps of updates. In the VR realm, the new version brings native mixed reality video compositing for VR applications, and an update to a much newer Oculus SDK. On the AR front, UE...

Niantic Acquires Seismic to Help Create AR Games & Upcoming AR Platform

Seismic Games, the studio behind Google Daydream's Blade Runner: Revelations (2018), has been acquired by Niantic, the force behind popular location-based games Pokémon GO, Ingress, and the upcoming Harry Potter: Wizards Unite. Seismic Games released the news via a blog post, saying that from now...

VR’s Biggest Players Back New ‘VirtualLink’ Connector for Next-gen Headsets

A consortium representing many of VR's most prominent players—NVIDIA, AMD, Valve, Oculus, and Microsoft—have backed a new connector standard called VirtualLink which the companies say was "developed to meet the connectivity requirements of current and next-generation virtual reality (VR)...

A Look Inside Consumer Perceptions of Oculus Go

More than just the latest in a long line of niche gadgets, Oculus Go represents the linchpin of Facebook's lofty goal of putting one billion people into virtual reality. Built with the new or casual user in mind, the...
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