In Facebook's Q1 2020 earnings call today, the company overviewed its latest financial situation and noted that Oculus products were a major contributor to $297 million in non-advertising revenue. While Facebook makes the vast majority of its revenue from advertising,...

Steam Frame has finally been revealed and promises to let players access most of their Steam library (be it VR or otherwise) right from the headset. Unfortunately, that won’t include any new VR content from Valve, the company has...

Osso VR, the creators behind the immersive surgical platform, today announced its secured $27 million in Series B financing. The funding round was led by GSR Ventures, with participation from Signalfire, Kaiser Permanente Ventures, OCA Ventures, Scrum Ventures, Leslie Ventures,...

In a survey published by VRDC, AR and VR developers are largely leaning toward platform agnostic development for their next projects. While Oculus and Valve/HTC continue to take two different approaches to stoking the development of VR games and applications—Oculus...

SEA VR, the largest VR conference in the Pacific Northwest, has renamed itself as the “Immerse Technology Summit,” and will be held this year on October 11th in Bellevue, Washington. The summit organizers say they dropped the “VR” moniker...

Envelop VR want to pull your every day computing environment into the virtual realm as the company launch their first closed beta for what they describe as "an immersive computing platform that brings the best out of your PC while...

Survios, the studio behind VR titles The Walking Dead: Onslaught (2020), Creed: Rise to Glory (2018), and Raw Data (2017), has secured another round of financing to the tune of $16.7 million. The news was first reported by Venture Beat. Survios' latest...

In the latest set of data from Valve's monthly Steam Hardware & Software survey, the Oculus Rift and Windows VR headsets posted gains in marketshare at the expense of the HTC Vive. Each month, Valve runs a survey among Steam users to...

Netflix announced it’s acquiring Ready Player Me, the avatar creation platform, which the streaming giant hopes to leverage soon with the rollout of user personas across Netflix Games. The News Terms of the deal were not disclosed, according to TechCrunch. It's...

Meta has begun the process of merging 'unlisted' App Lab apps into the main Quest store, more than tripling the number of discoverable apps. App Lab, as many of you know, is the holding zone for apps that didn't get...

Magic Leap announced last month that layoffs impacting "every level of the company" were coming alongside a pivot away from its near-term consumer ambitions toward the enterprise space. Now, it appears those layoffs have been avoided with a fresh...

A new online study of 12 western countries by Newzoo suggests that 11% of people are looking to buy into virtual reality within the next 6 months, that Spain is the most aware of VR and that Canada is...

Meta today revealed a prototype of its first pair of AR glasses, codenamed Orion. The glasses are impressively compact, have a class-leading field-of-view, but also relies on a wireless compute unit that goes in your pocket. Although Meta has been...

The company behind Lynx has entered liquidation proceedings ahead of launch of its upcoming Lynx-R2 XR headset, which is targeted at both consumers and enterprise. According to French court documents, SL Process, the company behind Lynx, has officially entered judicial liquidation...

Varjo, maker of high-end enterprise XR headsets, this week announced it has raised a $40 million Series D investment to continue building its Varjo Reality Cloud software and deliver a "true-to-life industrial metaverse." Varjo makes some of the highest-end enterprise...