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.

Meta Researchers Reveal Compact Ultra-wide Field-of-View VR & MR Headsets

Ahead of an upcoming technical conference, researchers from Meta's Reality Labs Research group published details on their work toward creating ultra-wide field-of-view VR & MR headsets that use novel optics to maintain a compact goggles-style form-factor. Published in advance of...

Pico Reportedly Developing Slim & Light Mixed Reality ‘Goggles’ to Rival Next-Gen Meta Headset

Pico, the XR headset maker owned by TikTok parent ByteDance, is reportedly developing a mixed reality device aimed at rivaling Meta's next-generation XR headset. According to a report from The Information, Pico is currently working on a pair of mixed...

‘Freeaim’ Motorized Shoes Give Your Feet Tiny VR Treadmills, Kickstarter Now Fully Funded

UK-based startup Freeaim kicked off a new Kickstarter campaign yesterday to support the release of a pair of motorized shoes designed to enable natural walking in VR, essentially giving your feet two independent treadmills to walk on. VR treadmills are...

Beyond Military, Meta is Eyeing an XR Expansion into the Medical Field

It was announced recently that Meta is partnering with military tech company Anduril to bring XR technology to the battlefield. New job listings indicate the company is also looking to expand its XR tech into the medical field. Meta is...

CREAL Secures $8.9M Funding to Miniaturize Light Field Display for AR Glasses

Switzerland-based light field display startup CREAL announced its closed a $8.9 million equity funding round, which the company says will accelerate the miniaturization of its light field module for AR glasses. The equity funding round was led by ZEISS, the...

Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership

It was rumored last year that Meta was seeking a minority stake in French-Italian eyewear conglomerate EssilorLuxottica, not only the largest eyewear manufacturer in the world, but also Meta's partner behind its growing line of smart glasses. Now, a...

Smart Contact Maker Raises $250M Investment at a Whopping $1.35B Valuation

Smart contact lens startup XPANCEO announced it's secured $250 million in Series A funding, putting its valuation at $1.35 billion and minting it as XR's most recent unicorn. The funding round was led by Opportunity Venture (Asia), which led the...

Spatial Design Prototyping Tool ‘ShapesXR’ Adds Powerful Animation Features

ShapesXR (2021), the 3D and XR prototyping platform, just got a new animation feature that allows design teams to make their XR prototypes even more expressive and lifelike. The studio says the new 'Animation' feature introduces an "easy-to-use frame-based animation...

Meta Leak Suggests Smart Glasses With Display is Nearing Launch, Includes Wrist-worn Controller

Meta recently unveiled Oakley Meta HSTN, the company's latest smart glasses created in collaboration with EssilorLuxottica. Now, data miner and serial leaker 'Luna' has obtained images of what appears to be Meta's next pair of smart glasses, this time...

‘MYST’ Studio Cyan Announces Second Layoff Round This Year

Cyan, the indie studio behind VR-supported revivals of classic puzzle adventures MYST (1993) and RIVEN (1997), announced a second tranche of layoffs following a round in March that reduced the company by half. Cyan announced the news in a Bluesky post,...

Quest 3S Xbox Edition Sells Out in Just Days From Meta, Availability Remains at Retailers

It's been less than a week since Meta launched the Quest 3S Xbox Edition headset, but the "limited edition" device is already out of stock if buying from Meta directly. However, it's still available at third-party retailers. Meta said previously...

Former Oculus Execs Are Jumping Back into Wearables with Sesame Smart Glasses

Oculus co-founder Nate Mitchell announced he's joining former CEO Brendan Iribe and hardware architect Ryan Brown at Sesame, the smart glasses startup that exited stealth earlier this year. Mitchell announced in a LinkedIn post that he's joining Sesame as Chief...

Xiaomi Unveils China’s Answer to Ray-Ban Meta Smart Glasses with a Few Killer Features

Today at Xiaomi's 'Human x Car x Home' event, the Chinese tech giant revealed its answer to Meta and EssilorLuxottica's series of smart glasses: Xiaomi AI Glasses. Reports from late last year alleged Xiaomi was partnering with China-based ODM Goertek...

Google Reportedly to Invest $100M in Smart Glasses Partner Gentle Monster

Ahead of Google's planned rollout of Android XR-equipped smart glasses, the company is reportedly making a $100 million investment in hardware partner Gentle Monster, the South Korean fashion eyewear brand. According to a Korean Economic Daily report, Google is slated to sign...

VR Treadmill Company Virtuix Raised Another $3M in Crowd Investments, Now at $200M Valuation

VR treadmill company Virtuix launched a crowd-based investment campaign late last year to further scale Omni One, its consumer-focused VR locomotion device. Now, the campaign’s second phase (Series B-2) has come to an end, garnering the company over $3...
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