Lumus Ltd. recently confirmed a $30 million funding round led by Quanta and HTC. Lumus is a leading provider and developer of augmented reality technology. Following from the $15 million funding led by Shanda Group and Crystal-Optech in June, Lumus...

Augmented and Mixed Reality technologies are rapidly evolving, with consumer devices on the horizon. But how will people interact with their new digitally enhanced lives? Designer Ben Frankforter visualises several ideas he's had to help bring about the arrival...

Tomorrow Unity plans to launch the first experimental build of EditorVR, a component of the Unity game engine which will let developers build games within virtual reality. Timoni West, Principal Designer at Unity Labs, has announced that EditorVR will launch...

STRIVR Labs, a company focused on using VR for sports training, plans to use a new $5 million investment to expand the scope of its "experiential learning" platform. According to a press release from the company, Strivr's $5 million Series A...

Survios, the VR development studio behind the Vive title Raw Data, has announced a whopping $50 million in funding to further expand its VR content offerings. The new round makes the company the most funded pure VR development studio to date. Survios'...

Uncovered among recent regulatory filings, VR metaverse company High Fidelity has raised $22 million in new funding. The company, which has reportedly raised $17.45 million across four prior venture investments, has raised a new round of venture capital to the...

If you're at all involved in the VR space, you likely recently saw a flurry of downtrodden headlines describing "slow," and "modest," holiday VR headset sales, with some even calling VR "the biggest loser this holiday." The impetus of those headlines...

AxonVR has announced the closure of a $5.8 million seed investment, which is claimed to be the largest secured by a VR haptics company to date. The company intends to use the money to build out their HaptX platform...

The Khronos Group announced on Tuesday that they have a critical mass of major VR players who are collaborating on a VR open standard. This VR open standard will have a software and hardware component that will enable VR...

Melbourne-based firm Zero Latency has raised $7 million in venture funding. The company specialises in out-of-home ‘warehouse scale’ local multiplayer VR experiences, and is beginning to open attractions around the world. Consumer VR headsets are optimised for use in a...

It's been confirmed that the soon to launch Star Wars Battlefront X-Wing VR Mission on PlayStation VR is powered by DICE's coveted Frostbite Engine, a strong hint that more AAA VR development is on the way from the company. Star...

After years of record-breaking venture funding in the virtual reality industry, we wondered if 2016 would continue on its torrid pace. The numbers are starting to roll in, as reported in the new Fall edition of the 2016 Virtual...

San Francisco based Osterhout Design Group (aka ODG) announced today that they've raised a significant $58 million Series A investment to accelerate production and R&D of its smart glasses products. ODG's current flagship device is the enterprise-focused R-7 Smartglasses System which sell...

HTC and the Shenzhen Municipal Government announced plans to set up a joint China VR Research Institute, creating a 10 billion RMB (~$1.45 billion USD) Shenzhen VR Investment Fund to accelerate the development of the VR industry in China. China’s third...

Epic Games touted their VR-optimized forward renderer as the reason why their forthcoming Robo Recall game looks so crisp in VR. Now the tech is available to all Unreal Engine developers in version 4.14 released today. While deferred rendering has...