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.
HTC-led Venture Capital Consortium Represents $10 Billion Earmarked for VR
This week at MWC Shanghai, HTC announced the Virtual Reality Venture Capital Alliance (VRVCA), a consortium of 28 venture capital firms focusing their funds on virtual reality. Collectively, the group represents more than $10 billion in capital aimed at...
Starbreeze Bolsters VR & AR Team with $1.65M Acquisition of ePawn
Starbreeze continues to make strategic VR/AR partnerships as today it has announced a $1.65M acquisition of augmented reality and "toys to life" company ePawn, who bring them some intriguing technologies with potential applications for the immersive space.
Starbreeze seems to...
Acer to Invest $9 Million in Starbreeze to Help Manufacture StarVR Headset
Taiwan-based electronics firm Acer recently announced an investment into game studio Starbreeze equating to the sum of $9M USD, an amount intended to further the manufacture and commercialization of Starbreeze's high-FOV, high resolution StarVR headset.
The investment, which comes on the heels of the news...
Tipatat Chennavasin on the VR Landscape, AR, Emerging Tech, & VR in China
Tipatat Chennavasin is a general partner at The VR Fund, which is an early stage VC fund focusing exclusively on virtual reality and augmented reality startups. One of the services that Tipatat does for the community is maintain a...
This is What Star Wars Looks Like Running on Magic Leap
This is a quick demonstration video released by ILMxLab and Magic Leap to mark the announcement of the two company's newly announced collaboration. They've set up a "collaboration lab" in order to work on immersive experiences using Lucasfilm IP...
Magic Leap and ILMxLab Announce “Collaboration Lab” Strategic Partnership
At the WIRED Business Conference today, augmented reality technology specialist Magic Leap and Lucasfilm's ILMxLab have announced a "collaboration lab" to be used to work together on immersive experiences using Magic Leap's technology.
In a surprise move, Magic Leap's founder...
Felix & Paul Studios Win $6.8M Funding to Build “Global VR Studio”
Felix & Paul Studios, the creative and technical force behind 360 VR films such as 'Strangers' and 'Zarkana' have announced that they're to receive $6.8 in series A funding to expand their creative immersive enterprise.
Some of the earliest pioneers in...
META Raises $50M in Funding to Accelerate “Groundbreaking” AR Tech
On Monday, Meta, the company building AR HMDs that allow the wearer to manipulate holographic objects within the wearer’s visual field and the headset’s field of view (90 degrees, in the Meta II), among other things, announced that it's...
Razer Earmarks $5 Million to Encourage OSVR Content Development
Today Razer is announcing a $5 million OSVR development fund which the company will use to incentivize support of its open-source VR platform.
With tens or even hundreds of millions of dollars being invested by Oculus and HTC into content...
VRC Raises $23M to “Build the First Great VR Content Studio”
The Virtual Reality Company, lead by two-time Academy Award-winning director Robert Stromberg and entertainment industry executive Guy Primus, have announced $23M in venture funding to build original virtual reality content and position the firm as "premiere VR storyteller and...
Unreal Engine 4.12 is Out Now, Gets ‘VR Editor’, OSVR and Google VR Support
Epic Games' popular Unreal Engine has just received a major update with version 4.12 now sporting Google VR 'Daydream' and OSVR native support. It also ships with a preview of the company's impressive VR Editor, which allows developers to...
GTA Boss on VR: “No Market” for VR that “Requires You to Dedicate a Room”
Take-Two CEO Strauss Zelnick has poured scepticism on the hype surrounding VR post launch by voicing concerns about the cost and space requirement of current systems, mostly (by the sounds of it) the HTC Vive.
Strauss Zelnick isn't exactly what...
Valve Releases ‘The Lab’ Unity Renderer for Free
Valve have released the Unity based renderer for its superb VR experience collection The Lab in an effort to encourage adoption of what it sees as optimal rendering techniques for VR experiences.
Although many probably assumed that Valve's collection of VR experiences,...
uSens Grabs $20 Million Series A Investment for ‘Inside-out’ Tracking Tech
This week uSens announced a $20 million Series A funding round led by Fosun Kinzon Capital. Usens is one of the early developers of hand and head tracking tech; according to the announcement from the company this investment will help launch...
The Fearless Creativity of ‘Lucid Trips’ is Exactly What VR Needs to Thrive
Born out of a lengthy period of experimentation, Lucid Trips begins with a novel method of locomotion and follows through with a unique approach to game design and multiplayer interactivity.
Lucid Trips is an excellent example of the sort of...


















