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.

Augmented Reality Startup Ubiquity6 Emerges from Stealth With $10.5M in Funding

Ubiquity6, an augmented reality startup only a few months out of stealth, today announced a $10.5M Series A round led by Index Ventures, with First Round Capital, Kleiner Perkins, Google’s AI fund Gradient Ventures, LDVP, A&E Networks and WndrCo. The company,...

HTC & Shenzhen Government Team Up for $160 Million Investment Fund

Between HTC's Vive X accelerator and the VRVCA investor consortium that it heads, the company is already very active in the VR investment space. But today the company announced a brand new investment fund of some $160 million in...

Google to Reveal “World’s Highest Resolution OLED-on-glass display” for VR Headsets in May

Google announced at last year's Society for Information Display (SID) Display Week that the company was actively working on a VR-optimized OLED panel capable of packing in pixels at a density heretofore never seen outside of microdisplays - all...

Magic Leap Raises $461M in New Funding Led by Saudi Arabia’s Investment Arm

Magic Leap, the augmented reality headset manufacturer, has added another couple hundred million dollars to its Series D investment round, this time $461 million led by The Public Investment Fund, Saudi Arabia’s sovereign investment arm, Tech Crunch reports. According to the...

Google to Announce New Dev Tools at GDC 2018, Keynote to Feature AR/VR

This year's Game Developers Conference (GDC) is nearly upon us, and now that talks for the week-long event are published on the GDC website, it appears Google will be taking the stage to introduce a number of new products and...

‘Yahoo! MAP’ for iOS Now Has AR Navigation Mode in Japan

Yahoo! Japan just updated their iOS-based Map application to include a new experimental AR mode which superimposes a blue pathway onto the physical world for you to follow to your final destination. The AR function, which is only intended for...

Virtualitics Closes $7M Series B Round to Further Develop VR/AR Data Visualization Platform

Virtualitics, a big data visualization and analytics company, announced the successful close of a $7 million Series B round of equity funding led by investment group Centricus, and participated by existing investor the Venture Reality Fund (‘The VR Fund’) and...

Volkswagen Group to Train 10,000 Employees in VR This Year

Volkswagen Group and VR studio Innoactive revealed the global, multi-brand automotive company is planning to train 10,000 employees this year alone using virtual reality. Volkswagen Group first deployed its Volkswagen Digital Reality Hub Group last year, a VR platform designed to help the company’s employees...

Google Brings ARCore 1.0 to Multiple Flagship Smartphones, Google Lens Preview Soon

Ahead of Mobile World Congress (MWC) next week, Google announced it's bringing ARCore, it's augmented reality SDK, out of preview and to a number of flagship smartphones in its 1.0 version. Google Lens, the company's tool to help users identify real-world...

ARKit Recreation of ‘The Ring’ TV Scene Foretells AR’s Inevitable Weirdness

Let's face it, when augmented reality headsets and glasses become commonplace, the world is going to get weird in a lot of unexpected ways. In the meantime, we can get a little sneak peek into that weirdness yet to...

Lead FX Artist on ‘ARKTIKA.1’ Shares Strategies for Great Effects in VR

ARKTIKA.1, an Oculus exclusive due to launch later this year, is shaping up to be one of VR's best looking games to date. You'll take it as no surprise that the title is being developed by 4A Games, the developer...

VR Design Tool ‘Gravity Sketch’ Raises $1.7 Million With Participation from Wacom

Gravity Sketch, a concepting & design tool made for VR, has raised $1.7 million in venture capital. Gravity Sketch, which allows VR users to quickly and easily sketch out 3D industrial design concepts, today announced that the company has raised a $1.7...

Social VR Sports Viewing Platform livelike Raises $9.6 Million

Social VR sports viewing startup livelike has announced a Series B investment of $9.6 million. Livelike is building a social sports viewing platform for VR and AR devices. The company's product focuses on connecting remote users into 'virtual suite' where...

Gree VR Capital Completes First $18M VR/AR Fund, Changes Name to GFR Fund

GREE VR Capital, the investment firm backing startups such as VRChat, TheWaveVR, and Littlstar, today announced the completion of its first immersive media fund, totaling $18.3 million in allocated funds. Previously called GVR Fund, the company is now changing its name...

Magic Leap to Partner with NBA to Bring Basketball to AR, Shaq’s Massive Head Fits in...

Magic Leap CEO Rony Abovitz took the stage at the Code Media conference last night to talk a little bit more about the company's upcoming AR headset, Magic Leap One. While we now know the headset will probably cost the...
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