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.
Why Rothenberg Ventures is Gung Ho About Investing in Virtual Reality
Rothenberg Ventures is a venture capital firm located in San Francisco, California. Started in 2012 by Mike Rothenberg, the firm has now invested in over 60 technology companies and was recently part of AltspaceVR's $5.2 million seed round. Dylan...
Magic Leap Closes $542m Series B Investment, Now Soliciting Developers for Its “Digital Lightfield” Wearable
According to a press release revealed today, Magic Leap has closed a $524 million Series B funding round led by Google; the deal had been rumored as of last week. Magic Leap, which has been in stealth since its inception, is...
Reportedly on the Verge of a $500m Investment, Here’s What We Know About Magic Leap
Earlier this week, Recode reported that Google is "set to lead a huge investment in Magic Leap." The article cites "sources" which say that Google could be leading a $500 million funding round for the company, possibly including capital...
Oculus Research Division Is ‘First Complete, Well Funded VR Research Team in Close to 20 Years’
Buried toward the end of Michael Abrash's must-watch keynote at Oculus Connect was the announcement of a new research division within Oculus which Abrash says is the "first complete, well funded VR research team in close to 20 years."...
AltspaceVR Seed Investment Tops $5.2 Million, Software Details Revealed Today at SVVR #13
Altspace VR has today announced significant follow-on funding to their initial investment round which more than doubles the company's seed funding, putting the total now at $5.2 million. The company, which has been largely in stealth mode, intends to...
NextVR Raises $5 Million for Live VR Broadcast Tech, Content to Come Pre-loaded on Samsung Gear...
NextVR, formerly Next3D, have announced a $5 million funding round designed to grow the company and develop their virtual reality live-broadcast technology. The company has been working with Samsung on Gear VR since before the reveal, and its stereoscopic...
Dr. Llyr ap Cenydd, Developer of Ocean Rift: The Need for Procedural Animation in VR
Dr. Llŷr ap Cenydd is the developer of two well known Oculus Rift demos: Ocean Rift and (my personal favorite) Crashland. As an expert in procedural animation, Cenydd has imbued his creatures with beautiful and organic animation that's convincing...
Jaunt Raises Additional $27.8 Million in Series B Funding Round
Jaunt VR, a company dedicated to creating a platform for the production of cinematic virtual reality content, today announced that it has closed a series B funding round, raising $27.8 million, led by Highland Capital Partners with participation by...
Altspace Raises $2.5 Million From Google Ventures, Formation 8, and More for Shared VR Browsing Environment
Altspace (formerly Qualia3D) is announcing that they've raised $2.5 million in venture capital to develop a shared virtual reality browsing environment. Investors include Google Ventures, Formation 8, Dolby Family Ventures, and more. Altspace is developing a shared VR environment...
