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.

‘Vail VR’ Studio Reveals $5.5M in Revenue as It Opens Crowd-investment Campaign

AEXLAB, the studio behind VR shooter Vail (2024), announced it's opened a crowd-investment campaign to support ongoing development of the game. Additionally, the studio revealed the multiplayer shooter has generated over $5.5 million in revenue to date, owing to its...

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...

Quest 2 Facepad Recalled Over Skin Irritation, Sales to Resume with 128GB Model & Silicone Facepad...

Facebook announced today that it has paused the sale of Quest 2 globally while it works to include a silicone facepad cover with the headset going forward. The move was prompted by what the company says was a "very...

Magic Leap Commits to OpenXR & WebXR Support Later This Year on ML2

In an ongoing shift away from a somewhat proprietary development environment on its first headset, Magic Leap has committed to bringing OpenXR support to its Magic Leap 2 headset later this year. Although Magic Leap 2 is clearly the successor...

STRIVR Secures $16M Series A Financing to Expand Enterprise VR Training

STRIVR, the immersive VR training company, announced a $16 million round of financing led by GreatPoint Ventures (GPV) that is said to advance the company’s further expansion into the enterprise market. With this investment, GPV Managing Partner Ray Lane...

HTC Enters the Smartglasses Race with VIVE Eagle

HTC is joining Meta and others in the rapidly heating smartglasses space with its newest product, the VIVE Eagle. Like other smartglasses, the Eagle lacks any kind of display, being positioned instead as a vehicle for AI voice assistance...

Oculus Will Cover Unreal Engine Developer Fees Through First $5M in Revenue, Per Game

Oculus covered a lot of ground during their opening keynote at Oculus Connect 3 this week; among many exciting announcements, one of interest for Unreal Engine developers might be how Oculus says that they’ll cover the royalty fees for any...

Pimax Apologizes After Secret Social Media Incentive Program Sparks Astroturfing Concerns

Brand ambassador and referral programs are everywhere, aiming to drive engagement and sales through influencers and loyal fans alike. But last week, Pimax crossed a line, the company publicly admitted. It was discovered the PC VR headset company was...

Valve Says No New First-party VR Game is in Development

Steam Frame has finally been revealed and promises to let players access most of their Steam library (be it VR or otherwise) right from the headset. Unfortunately, that won’t include any new VR content from Valve, the company has...

Sulon Q AR / VR Headset Specs and High-res Images, Launches “Late Spring”

AMD's Capsaicin GDC event is over and we now have official high resolution images and technical specifications for the new Sulon and AMD powered augmented and virtual reality headset the Sulon Q. Billed by Sulon as the world’s first and only...

Creator of Indie Breakout ‘Braid’ Building Roomscale VR Game With ‘no concessions for stationary play’

Jonathan Blow, the creator of one of indie gaming's fomative successes, Braid, has begun hiring a team to develop his first VR game. Before Fez (2012), before Limbo (2010), and before Minecraft (2009), Braid (2008) was one of the breakout successes...

Magic Leap Gets Half-billion Dollar Boost Ahead of Vision Pro Launch

Saudi Arabia has recently injected more than half a billion dollars into augmented reality company Magic Leap, which it hopes will rival Apple's Vision Pro mixed reality headset. Saudi Arabia's sovereign wealth fund gained majority share of the US-based Magic Leap...

Lenovo and Kopin Form Joint Venture to Grow Enterprise AR Headset Market

Lenovo's own investment group and wearable displays manufacturer Kopin Corporation have formed a joint venture named Lenovo New Vision. The combination of Lenovo Capital and Incubator Group's (LCIG) global resources and Kopin’s wearable technology expertise hopes to grow the enterprise Augmented Reality...

Meta Affirms Plans for Quest 3 Launch This Year, Despite Layoffs and Focus on “Efficiency”

Despite major layoffs from Meta, the company has affirmed that its next-gen consumer headset, Quest 3, is planned for release this year. While it will adopt some of the features from Quest Pro, not all will make the leap. In...

‘Building for the Rift with the Oculus PC SDK’ Liveblog @ 2:30PM PT

Oculus Engineer Director Anuj Gosalia takes to the stage at Connect today to help developers to understand the ins and outs of developing for the Oculus Rift with the company's PC SDK. We'll be liveblogging the event starting at 2:30PM...
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