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.
For a Veteran Studio That’s Weathered the Storm, VR Has Become a Lucrative Business
Having started production on its first title even before the original Oculus Rift DK1 development kit was sent to developers, Canada-based Cloudhead Games is one of the world's most veteran game studios dedicated to virtual reality. The studio has...
Meta Forced to Furlough After Chinese Lead Backs Out of New Investment
Meta, makers of an AR headset dev kit, was close to raising a new round of funding before a Chinese lead investor backed out, Bloomberg reports. The Chinese investment firm had reportedly put up $20 million for the deal....
Oculus Founder: Price Isn’t What’s Holding VR Back From Mass Adoption
Palmer Luckey, the founder of Oculus who left the company in 2017, recently published an article with his thoughts on what it will take for VR to reach the mainstream. Price, he argues, matters little if the experience is...
Meta Introduces ‘Super Resolution’ Feature for Improved Quest Visuals
Meta today introduced a new developer feature called Super Resolution that's designed to improve the look of VR apps and games on Quest. The company says the new feature offers better quality upscaling at similar costs as previous techniques.
Meta...
Microsoft and Sony Join Other Industry Giants in Support of OpenUSD Standard
Last year, Pixar, Adobe, Apple, Autodesk, and NVIDIA announced the Alliance for OpenUSD, an organization to advance and proliferate the USD file format as the future standard for creating and distributing 3D content. The standard, which is a framework...
Sightful Unveils ‘Spacetop G1’ Headless AR Workstation, Aiming to Best the Rest in Battery Life
Fresh out of stealth last year, AR workstation startup Sightful today unveiled Spacetop G1, which promises to let you work in AR for up to seven hours before needing a recharge.
Initially revealed last year alongside the announcement the company...
Epic Games Awarded Grants to 31 XR Projects in 2021 Through the $100M MegaGrants Fund
Since 2019 Epic Games (well known as the creators of Unreal Engine & Fortnite) has run the Epic MegaGrants program, a $100 million fund to financially support projects built with Unreal Engine. In 2021 the program awarded grants to 31...
Movidius’ Dedicated Vision Processing Chip is Coming Soon to AR and VR Headsets
Movidius may be a little known name to the average consumer, but the company behind Google Project Tango's Myriad 1 vision processing chip is gearing up to release their new chip architecture in both VR and AR headset manufacturers, and a...
Developing Rich VR Interactions Faster & Easier Using UltimateXR
Rich interactions between the user and the virtual world are a key aspect of what makes VR so compelling, but creating and tuning such interactions is a challenging and time consuming task for developers. Toolsets like UltimateXR can speed...
Valve is “still working on VR and still pushing forward on it”
Valve unveiled its Steam Deck OLED late last week, offering up a hardware refresh for the first time since the company launched the handheld gaming device last year. While the company has been full steam ahead on handhelds and...
Studio Behind Social VR App ‘Rec Room’ Raises $24 Million in Funding
Against Gravity, the studio behind the popular social VR game Rec Room, has raised an addition $24 million in venture capital across two investment rounds.
Speaking to TechCrunch, Against Gravity says that it has raised $24 million in venture funding in...
VR’s Biggest Ad Yet Pushed ‘Meta Quest’ to a National Audience During the Super Bowl
It's hard to find a single event with a bigger audience than the Super Bowl, which has made it one of the hottest pieces of advertising real estate anywhere. Meta went big this year with a 60 second ad...
Hands-on: Shiftall MeganeX Superlight Packs a Wishlist of Ergonomics Into a Tiny Package
Japan-based Shiftall is the latest company making an effort to deliver an ultra-compact VR headset for enthusiasts who are willing to spend big on maximizing their PC VR experience. Despite the tiny package, the MeganeX Superlight headset still manages...
Virtuix Omni One VR Treadmill Nabs Support for Some Big VR Games
Virtuix, the creator of the Omni One VR treadmill, announced it now has a lineup of 35 games ready for the device's broader launch later this year, including some big ones.
Omni One was originally pitched in a crowd-based investment...
Free Version of ‘Masterpiece Studio Pro’ VR Creation Suite Now Available for Non-commercial Use
Masterpiece Studio (formerly MasterpieceVR) today announced it's releasing a free edition of its latest professional VR creator suite, Masterpiece Studio Pro. The free software license is targeting individuals looking to use the suite for non-commercial use.
The free version is said...



















