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.

Facebook Spent Over $88M This Year on Oculus’ Seattle Area Satellite HQ

Oculus has been on quite the hiring spree as of late, with over a hundred positions currently advertised on the company's career website aimed at bringing hardware and software engineers into the Seattle area. Now, a report from real...

Researchers Transform Real Soccer Matches into Tabletop AR Reconstructions

The FIFA World Cup finals are nearly here, and while we still live in a time where most everyone interested in the France vs. Croatia match will be glued to a TV set, researchers from the University of Washington, Facebook,...

Penrose Studios Raises Another $10 Million for VR Animation and Storytelling

Having announced an $8.5 million seed investment back in March 2016, VR animation firm Penrose Studios is adding another $10 million to the pile for its Series A investment. Led by TransLink Capital, the round also saw participation by SalesForce founder...

Echoing Apple’s iPhone Launch, Magic Leap Taps AT&T for Exclusive US Distribution

Magic Leap today announced that AT&T, one of the leading cellular carriers in the US, has invested in the company and solidified a partnership making AT&T the "exclusive wireless distributor of Magic Leap products for consumers in the U.S." Magic...

Valve: Monthly Active VR Users on Steam Are Up 160% Year-over-year

Speaking at an industry event last week, Valve offered an update on Steam, the company's massive digital marketplace for PC games, including the continued growth the company has seen in the VR segment over the last year. Speaking at the...

‘Waltz of the Wizard’ Studio Aldin Raises $1M to Fuse VR & AI in New Title

VR veterans Aldin, the indie studio behind Waltz of the Wizard and other early and innovative VR titles, has announced the closure of a $1 million Seed investment. The money will be used to support the studio's next project which...

Niantic Offers Tantalizing Peek at Upcoming AR Tech, Announces New Platform for Third-party Devs

Niantic, the developer behind Pokémon Go and the upcoming Harry Potter AR game, announced they'll be opening up access to their latest work in AR, dubbed the 'Niantic Real World Platform', to third-party developers soon. To boot, the company...

High Fidelity Raises $35M Series D Financing to Further Develop Social Platform & Blockchain Tech

High Fidelity, the social VR platform founded by Second Life founder Philip Rosedale, today announced it's successfully closed a $35 million Series D financing round. The company says it's using the funds to continue development on its global infrastructure for VR experiences, to accelerate hiring, and...

Penalty in ZeniMax v. Oculus Reduced to $250M, Motion to Halt Headset Sales Rejected

Bloomberg reported this week that the $500 million penalty levied at Oculus in last year's case brought by ZeniMax has been reduced to $250 million. A motion seeking to prevent sales of Oculus products using code attributed to ZeniMax...

Valve Announces ‘Skeletal Input’ to Give SteamVR Apps More Lifelike Hands Moving Forward

Accompanying the news that Valve has made a critical redesign of its 'Knuckles' motion controller, the company also recently released a new input system in beta that not only aims to create lifelike hands, but make them accessible to...

Apple Details Latest VR Optimizations Coming to macOS Mojave (10.14)

Earlier this month at Apple's annual WWDC conference, the company introduced their latest operating system, macOS Mojave (10.14). Due to roll out as a public beta later this month, and launching widely this Fall as a free update, Mojave...

Beyeonics Raises $11.5M to Further Develop AR/VR Surgical Visualization Platform

Elbit Systems, an Israel-based defense company, recently announced that its medical technologies subsidiary Beyeonics Surgical successfully concluded its first funding round of $11.5 million, which the company says will be used to expand product development and accelerate commercialization of its...

Carmack Details New 5K Mobile VR Playback Tech, Releases Sample for Developers

Oculus CTO John Carmack has developed a new approach to VR video playback which makes it possible to play 5K 3D 360 video on headsets like Oculus Go and Gear VR. The results, as shown in the recent re-release...

Xbox Boasts Investment in Future Tech, But Still Silent on VR After Backpedaling

Back in 2016, at the E3 reveal of the Xbox 'Project Scorpio' (which would go on to become the company's flagship Xbox One X), Microsoft said the console would bring "high fidelity VR" to Xbox. But after backpedaling from those...

InstaVR Raises $5M Series B to Further Grow Its Enterprise VR Authoring Platform

InstaVR, a VR authoring, publishing, and analysis company, announced it has successfully closed a Series B financing round, which the company says will help further its mission in providing enterprise customers the tools to create their own VR apps....
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