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.
Ray-Ban Meta Smart Glasses Revenue Triples, Fueling Meta’s $3.5 Billion Bet on EssilorLuxottica
EssilorLuxottica released its second quarter earnings report, revealing that Ray-Ban Meta smart glasses have tripled in revenue year-over-year.
Released in 2023, Ray-Ban Meta is the companies' second-gen smart glasses, serving up music, photo/video capture, and Internet searches via Meta AI.
Starting...
Backed by $4.4M in Funding, Devs Behind ‘Job Simulator’ & ‘Fantastic Contraption’ Announce New XR Startup
Developers behind critically acclaimed VR games Job Simulator (2016) and Fantastic Contraption (2016) today announced they're founding a new studio dubbed Absurd Joy. To give them a big push along their quest to "invent entirely new ways to interact, play, and experience immersive...
New Evidence Suggests Meta is Still Working on PC VR Cloud Game Streaming for Quest
It was first discovered years ago that Meta has been testing cloud game streaming to bring PC VR games to Quest, but the feature has yet to see the light of day (or even an official announcement). New evidence...
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...
Niantic is Bringing Its Large-scale AR Positioning System to WebAR Too
This week Niantic announced Lightship VPS, a system designed to make possible accurate localization of AR devices at a large scale to enable location-based AR content that can also be persistent and multi-user. While the first implementation of the...
Facebook Just Bought Its Fifth VR Studio, ‘POPULATION: ONE’ Developer BigBox VR
Facebook today announced its fifth VR studio acquisition. This time it’s BigBox VR, the studio behind the popular VR battle royale POPULATION: ONE which launched just last year on PC VR and Quest, and has consistently ranked among Quest's most popular...
AR Glasses Creator Nreal Secures $100M Series C Financing to Expand Internationally
Chinese AR glasses startup Nreal announced it's raised a fresh $100 million Series C financing round, something it says will be used for R&D and to fund wider international expansion.
As first reported by CNBC, the latest round reportedly brings...
WEARVR Raises $1.5 Million for Universal VR App Marketplace
Today WEARVR has announced a $1.5 million funding round to continue to grow their universal VR marketplace, which houses apps for a wide range of VR headsets. For the month of April, Road to VR is partnering up with...
Microsoft’s Struggling Military AR Headset Gets Boost From Oculus Founder’s Latest Venture
Anduril Industries, the defense tech company founded by Oculus founder Palmer Luckey, announced it's partnering with Microsoft to boost the company's militarized, HoloLens 2-based AR headset, which is currently under contract by the United States Army.
The company maintains its Lattice...
Brilliant Labs Unveils All-day Smart Glasses with Color Display, Pre-orders Launch at $300
Brilliant Labs unveiled Halo, its next-gen smart glasses that pack in a full-color micro OLED display, bone conduction speakers, and real-time voice-based AI assistant—priced at a surprisingly reasonable $300.
Weighing in at just over 40 grams, Halo builds on the...
Quest App Lab Soars to 1,440 Apps, More Than Tripling Those on the Main Store
In early 2021 Meta launched App Lab for Quest which allows developers to distribute their games on the headset without going through Meta's curation process. There's now 1,457 games and apps available on App Lab, more than triple the...
Google to Announce New Dev Tools at GDC 2018, Keynote to Feature AR/VR
This year's Game Developers Conference (GDC) is nearly upon us, and now that talks for the week-long event are published on the GDC website, it appears Google will be taking the stage to introduce a number of new products and...
NOLO VR Completes $10 Million Series A Financing Led by BlueRun Ventures
Nolo VR, the China-based company behind the 6DOF mobile tracking system Nolo CV1, today announced they have successfully completed a $10 million Series A financing round. The Series A was led by the Menlo Park-based BlueRun Ventures, and included...
Sony to Shutter ‘Blood & Truth’ London Studio, Layoffs at ‘Horizon Call of the Mountain’ Studio
Sony Interactive Entertainment CEO Jim Ryan announced today that the company is laying off 900 PlayStation employees, or around eight percent of the company, which will affect a number of its first-party game studios. This includes the closure of...
GDC 2016: Sony PlayStation VR: Development and Innovations – Live Blog @ 11AM PST
With the launch of the PlayStation VR now announced to be arriving in October this year, the focus on content creation for the first console powered VR system will intensify. This session, presented by Sony,
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