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.

VR Design Tool ‘Gravity Sketch’ Raises $1.7 Million With Participation from Wacom

Gravity Sketch, a concepting & design tool made for VR, has raised $1.7 million in venture capital. Gravity Sketch, which allows VR users to quickly and easily sketch out 3D industrial design concepts, today announced that the company has raised a $1.7...

HTC’s $100 Million ‘Vive X’ VR Accelerator Announces First 33 Investments

Today at the China International Digital Entertainment Expo & Conference (ChinaJoy 2016), HTC announced the first batch of companies to take part in their recently announced Vive X Accelerator program. The cohort of 33 VR startups, coming from across the industry, will see...

‘Robinson: The Journey’ Executive Producer Departs Crytek Amid Company’s Struggles

A little more than four months following the launch of Robinson: The Journey, Executive Producer on the title, Elijah Freeman, has departed Crytek for Virtuos, a game and asset production studio. Meanwhile Crytek attempts to get company back on track. As...

Disney is Working on a VR Treadmill That Supports Multiple Users

Disney unveiled an omni-directional treadmill project it hopes to eventually scale up for users both in and outside of virtual reality. Called HoloTile, the unique device is composed of individual 'tiles' that rotate and change pitch to accommodate to a...
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Microsoft Teases the Future of the Super Bowl with HoloLens

Microsoft has splashed out on a promotional video designed to demonstrate its vision of a Super Bowl future, augmented by its untethered, augmented reality headset HoloLens, demonstrating how it could used in the home to enhance the football viewing experience. Microsoft's HoloLens...

Google Confirms Android XR Allows Passthrough Camera Access: an Important Tool for MR Devs

Developers of mixed reality games have been clamoring for passthrough camera access on Quest for a while now, something now-departed Meta VP of XR Mark Rabkin said would come with the release of a new camera Passthrough API sometime...

Avegant Raises $12M Financing to Further Develop AR Display Tech

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,...

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...

Comcast, Samsung, and HTC Join $6 Million Investment in VR Animation Studio ‘Baobab’

On the hunt for 'the Pixar of VR' a cast of big names have joined for a $6 million series A investment in virtual reality animation studio Baobab. Baobab Studios today announced a series A funding round led by Comcast Ventures,...

‘Wraith: The Oblivion VR’ Studio Fast Travel Games Raises $4M Investment

Fast Travel Games, the Sweden-based VR developer and publisher behind titles such as Wraith: The Oblivion - Afterlife (2021) and Apex Construct (2018), today announced a new investment worth $4 million. Brightly Ventures, a Nordic early-stage tech investment firm, led the...

The 20 Best Rated & Most Rated Quest Games & Apps – January 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...

Rokid Glasses Raise Over $1M in First Week, Proving Strong Demand for Display-clad Smart Glasses

Rokid, the China and US-based AR startup, launched a Kickstarter campaign last week for Rokid Glasses, frontrunning the competition with a pair of smart glasses housing green monochrome displays. Now, the crowdfunding campaign has surpasses $1 million, doubling the...

Alibaba Launches Smart Glasses to Rival Meta Ray-Ban Display

Alibaba released a pair of display-clad smart glasses, ostensibly looking to go toe-to-toe with Meta Ray-Ban Display, which launched in the US for $800 back in September. The News China's Alibaba, one the world's largest retailers and e-commerce companies, just released its...

Apple’s Latest Acquisition Adds to ‘Secret VR Team’, Report Suggests

The latest news in the world of Apple is the latest acquisition of computer vision company Flyby, together with a recent comment from Apple's CEO seems to be indicating some significant virtual reality commitments from the company. The FT reported...

Veteran VR Studio nDreams Announces Layoffs Amid “challenging VR games market”

nDreams, one of the most veteran VR studios, today announced it's tightening the belt with a layoff round due to affect 17.5% of the company. The Farnborough, UK-based studio maintains in the LinkenIn announcement that layoffs are in response to "a challenging...
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