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.

Roto VR Raises $3M to Broaden Market Reach of Rotating VR Chair Accessory

Roto VR, the UK-based creator behind 360-degree VR chairs, announced a new funding round of £2.4 million (~$3 million) which the company says will be used to fulfill demand of its recently launched Roto VR Explorer chair. Led by Pembroke...

Social VR App ‘Rec Room’ Raises $100M Financing, Now at $1.25B Valuation

Rec Room, the social VR platform, announced it has secured a $100 million financing round, bringing the company's valuation to $1.25 billion. This makes it one of the most valuable VR companies outside of platform holders Facebook, Valve, and...

Bored During Lockdown? Get an Intro to Quest Development in This Live Online Workshop

An upcoming online workshop by XR development educator Circuit Stream will teach developers the basics of building applications for Oculus Quest. With many of us a stuck at home with some extra time on our hands from not traveling (or...

Google Prepares Support for XR Headsets on Play Store, Marking The Next Chapter in XR Competition

Code discovered in a recent Google Play update indicates the company may soon roll out support for XR headsets on its Android app store, which would mark a decisive shift in the competitive landscape. As reported by Android Authority, code...

Reality Labs Revenue Drops to Lowest Point on Record Ahead of Quest 3 Launch

Meta today announced its third quarter earnings, revealing that revenue of its Reality Labs XR division dropped to its lowest point on record, just ahead of the launch of Quest 3. All eyes are now on the holiday season...

Qualcomm Announces More Powerful Version of Quest 3’s XR Chip

Qualcomm today announced its latest Snapdragon XR chip, the XR2+ Gen 2, a more capable variant of the chip that powers Quest 3. The company also hints that it will be used in the upcoming Samsung-Google headset. Qualcomm is at...

Oculus CTO: Improved Gear VR Visuals Part of a “brand new Oculus runtime system,” Details Improvements

In an update rolling out to Gear VR users over the next few weeks, Oculus Home on Gear VR will see a 2x boost in pixel resolution, according to Oculus, and load times improved as much as 3x. Oculus...
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Dual Wield Guns and Magic in this Cool Oculus Touch Game Prototype

Guns are cool. Magic is cool. Motion controls are cool. Combine all three with virtual reality and you have a prototype experience that looks, well, really cool! Developers have now had access to retail quality, VR-focused motion controllers via the...

‘Virtual Reality Challenge’ Promises UK’s “largest VR-only Game Jam ever”

Fellow virtual reality news outlet VRFocus has launched 'Virtual Reality Challenge' and has hopes for it to become the largest hackathon of its kind in the UK dedicated to virtual reality content. Hackathon events in various forms are now commonplace...

The 20 Best Rated & Most Popular Quest Games & Apps – April 2021

While Oculus doesn’t offer much publicly in the way of understanding how well individual apps are performing across its VR storefronts, it’s possible to glean some insight by looking at apps relative to each other. Here’s a snapshot of...

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...

FOVE Raises $11 Million Series A Investment to ‘Accelerate Mass Production’ in Fall 2016

FOVE today announced a Series A investment of $11 million led by the Colopl VR Fund with participation by Hon Hai VC fund 2020, and Samsung Ventures. Fove, who is creating a VR headset with inbuilt eye-tracking, raised $480,000 on Kickstarter last...

Quest 3 is Getting AI Vision Features While Apple Intelligence on Vision Pro Still Isn’t Confirmed

Meta today announced plans to update Quest 3 with AI vision features similar to what's on the company's latest Meta Ray-Ban glasses. Meanwhile, Apple still hasn't confirmed if Apple Intelligence features will hit Vision Pro at the same time...
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HoloLens App Envisions Immersive Future for Architecture and Construction

Microsoft has recently released a video showing some of the architectural applications of HoloLens, the company's untethered AR headset. The prototype app shows the device's ability to improve communication between industry professionals through the use of immersive 3D models. Trimble, a company focused...

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...
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