Vertigo Games, the studio behind the Arizona Sunshine series and Metro Awakening (2024), announced it's sold off SpringboardVR, the location-based entertainment (LBE) VR content distribution platform. Vertigo Games acquired SpringboardVR in 2021, announcing at the time it was looking forward to "leading SpringboardVR into...

In light of Reality Labs' reorganization, which has seen recent internal studio closures and layoffs, Oculus founder Palmer Luckey calls the doomer narrative "obviously false." The News Luckey literally kickstarted consumer VR more than a decade ago with the founding of...

Avegant, the AR display company known for its Glyph head-mounted display, announced that the company has successfully closed a $12M Series AA financing, which will allow them to further develop their light field technologies and "high resolution, low latency,...

Elbit Systems, an Israel-based defense company, recently announced that its medical technologies subsidiary Beyeonics Surgical successfully concluded its first funding round of $11.5 million, which the company says will be used to expand product development and accelerate commercialization of its...

VR Launchpad is the startup showcase for virtual reality companies. Tickets for the event are now on sale. Secure your seat for access to a select group of VR startups vetted by VR community and media leaders, SVVR and Road...

Presence Capital is a new early-stage venture capital firm that's focused on funding virtual reality and augmented reality startups. I had the chance to interview one of the co-founders Amitt Mahajan at the VRX Conference about this new fund...

Thirdverse, the Tokyo-based VR game studio behind Swords of Gargantua (2019) and upcoming shooter Frostpoint VR: Proving Grounds, announced that it's secured $8.5 million in funding, something the company says will allow them to grow and make more VR games. The Series...

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...

Lynx, the French XR hardware startup known for crowdfunding the Lynx R-1 mixed reality headset, today announced it's secured $4 million in its Series A round, led by social VR platform Somnium Space. Alongside Somnium Space, participants in the latest funding...

Meta announced today something that we haven't previously seen happen in the middle of a VR headset's lifecycle—a price increase for Quest 2. To soften the blow, the company says it will include a free copy of the headset's...

Nokia has launched the OZO Player SDK, a cross-platform foundation for creating applications with high fidelity VR video playback. Road to VR spoke with Nokia's Head of VR Technologies, Tarif Sayed to learn more about the offering. While VR video portals like Jaunt,...

Samsung Unpacked didn't have any big XR revelations this year, although the South Korean tech giant has finally shown off the near-final version of its Android XR headset, codenamed Project Moohan. We went hands-on with Moohan at the headset's unveiling last...

Epic Games, the company behind Unreal Engine (not to mention a slew of best-selling titles), has worked closely with Oculus over the years to create VR tech demos. Their latest, Bullet Train, was the first to incorporate the Oculus...

Meta CTO Andrew "Boz" Bosworth said this week that the announcement of Quest 3, which came just days ahead of Vision Pro reveal, had nothing to do with the timing of Apple's first public foray into XR. "People won't believe...

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'...