VR Industry
StarVR Corporation Prepares to Go Public on Taiwanese Stock Exchange
StarVR Corporation, the Acer and Starbreeze joint venture behind the wide-FOV StarVR headset, announced that it has completed its application to go public on the Taiwan Exchange.
Upon approval, the company's board will apply for a listing on the Taipei Exchange Emerging Market...
Volkswagen Group to Train 10,000 Employees in VR This Year
Volkswagen Group and VR studio Innoactive revealed the global, multi-brand automotive company is planning to train 10,000 employees this year alone using virtual reality.
Volkswagen Group first deployed its Volkswagen Digital Reality Hub Group last year, a VR platform designed to help the company’s employees...
Gree VR Capital Completes First $18M VR/AR Fund, Changes Name to GFR Fund
GREE VR Capital, the investment firm backing startups such as VRChat, TheWaveVR, and Littlstar, today announced the completion of its first immersive media fund, totaling $18.3 million in allocated funds. Previously called GVR Fund, the company is now changing its name...
Oculus Hiring Spree Suggests Facebook is Accelerating VR/AR Plans
Starting toward the end of 2017, the number of listed job openings at Oculus has nearly tripled, with the current number of openings floating around an all time high.
Across Oculus' 15 locations, the company is currently listing 443 available...
GDC 2018 Survey: 33% of Game Devs Are More Interested in VR Than Any Other Platform
Ahead of the 2018 Game Developers Conference in March, the organizer, UBM, has released their sixth annual State of the Game Industry survey, offering insight into the thoughts of some 4,000 game developers. While many developers may not be...
Investors Poured a Record $2 Billion into VR/AR in 2017, But Early Stage Funding Slowed
In 2017, venture funding of VR/AR companies reached at least $1.9B, ending slightly above 2016. The total number of companies raising venture capital during 2017 outpaced 2016, but the average deal size declined sharply by 35%, according to Greenlight...
Williams-Sonoma Acquires Outward for $112 Million to Expand 3D, AR, and VR Retail Visualization
Williams-Sonoma Inc has announced that an agreement has been reached to acquire Outward Inc for an all cash consideration of $112 million. Williams-Sonoma Inc is a US-based high-end retailer of home furnishings and kitchenware, associated with stores such as Williams...
PSVR Black Friday Sales Reportedly Exceed Prior 18 Weeks in UK, “On Par” With Launch
Following the Black Friday shopping period, analysts report strong sales for the PlayStation VR headset in the UK, possibly furthering Sony's install base lead among tethered VR headsets.
In a summary of Black Friday videogame and hardware sales analyses, UK-based...
Report: Apple Acquired VR Headset Startup Vrvana for $30 Million
Citing sources close to the deal, TechCrunch reports that VR headset maker Vrvana has been acquired by Apple for $30 million.
Vrvana is a little known VR headset maker that's been on the scene since 2014. The company was building...
HTC Scraps Plans to Bring Daydream-based Vive Focus to Western Markets
HTC revealed their new standalone Vive Focus headset today, poised to launch into the Asian market. Earlier this year the device was teased to be heading to Western markets as part of Google's Daydream platform in 2017, but now...
Oculus: EA’s Acquisition of Respawn Entertainment Will Have No Impact on Studio’s VR Title
Titanfall developer Respawn Entertainment has announced plans to join EA, one of the world's largest and most influential videogame publishers. The acquisition of Respawn, which will cost EA up to $455 million, won't impact the studio's recently announced VR...
Vive is Hanging onto Steam Majority Market Share By a Thread
According to the just-released October figures from Steam’s Hardware & Software Survey, the Oculus Rift has picked up an additional 0.71%, totalling 47.61% of the market share of VR headsets on Steam. With the price of the Rift dropping permanently to $400...
Acer Takes Majority Control of StarVR with $5M Capital Injection
Starbreeze and Acer announced a new capitalization plan for StarVR, the upcoming high field of view (FOV) VR headset, that will see Acer inject $5 million into the project and take a 66 percent majority control of the joint venture.
Starbreeze made quite...
Community Fallout from UploadVR’s Harassment Settlement, and Bearing Witness to Testimony
The sexual harassment lawsuit against UploadVR was reported to be settled via Tech Crunch on September 6th, and a week later the New York Times followed with more details about how Upload had been barely dented. The case was...
Rift Summer Sale Drives Record Gains, Highest Steam Market Share Yet
According to the latest figures from Valve’s Hardware & Software Survey, the Oculus Rift has set a new record for its highest historical market share on Steam, almost certainly driven by a major sale which has also brought the...
