Mojo Vision Secures $75M Investment to Commercialize Micro-LED Displays for XR Glasses

Mojo Vision announced it’s secured a $75 million Series B Prime investment round, which the company says will support the commercialization of its powerful and flexible micro-LED platform for XR…

Continue ReadingMojo Vision Secures $75M Investment to Commercialize Micro-LED Displays for XR Glasses

Varjo Secures $5.8M Investment to Accelerate Military-Grade XR Hardware

Varjo, the Finland-based maker of high-end XR headsets, announced it’s secured a €5 million (~$5.8 million) minority investment from THEON, the Greece-based manufacturer of military imaging systems. Structured as a…

Continue ReadingVarjo Secures $5.8M Investment to Accelerate Military-Grade XR Hardware

Ray-Ban Meta Smart Glasses Revenue Triples, Fueling Meta’s $3.5 Billion Bet on EssilorLuxottica

EssilorLuxottica released its second quarter earnings report, revealing that Ray-Ban Meta smart glasses have tripled in revenue year-over-year. Released in 2023, Ray-Ban Meta is the companies’ second-gen smart glasses, serving…

Continue ReadingRay-Ban Meta Smart Glasses Revenue Triples, Fueling Meta’s $3.5 Billion Bet on EssilorLuxottica

VR Treadmill Company Virtuix Raised Another $3M in Crowd Investments, Now at $200M Valuation

VR treadmill company Virtuix launched a crowd-based investment campaign late last year to further scale Omni One, its consumer-focused VR locomotion device. Now, the campaign’s second phase (Series B-2) has…

Continue ReadingVR Treadmill Company Virtuix Raised Another $3M in Crowd Investments, Now at $200M Valuation

Japan’s TDK Acquires Smart Glasses Maker SoftEye to Advance Wearable AI Tech

TDK, the Japan-based electronic component and software company, announced it’s acquired SoftEye, the US-based smart glasses hardware and software maker. TDK calls the acquisition of SoftEye a “key milestone in…

Continue ReadingJapan’s TDK Acquires Smart Glasses Maker SoftEye to Advance Wearable AI Tech

Online Dating Company Announces $20M Annual Fund to Accelerate “virtual intimacy” Startups

Social Discovery Group, the company behind Dating.com and DateMyAge.com, announced it’s launched a venture studio that aims to “transform virtual intimacy into the new normal” by backing early-stage startups in…

Continue ReadingOnline Dating Company Announces $20M Annual Fund to Accelerate “virtual intimacy” Startups

‘Vail VR’ Studio Reveals $5.5M in Revenue as It Opens Crowd-investment Campaign

AEXLAB, the studio behind VR shooter Vail (2024), announced it’s opened a crowd-investment campaign to support ongoing development of the game. Additionally, the studio revealed the multiplayer shooter has generated over…

Continue Reading‘Vail VR’ Studio Reveals $5.5M in Revenue as It Opens Crowd-investment Campaign

Seasoned VR Devs Raise $1.6 Million for New Studio Focused on Virtual Pet Experience

Windup Minds is a newly announced XR studio which has raised a $1.6 million seed investment for immersive experiences focused on virtual pets and companions. Windup Minds was founded earlier…

Continue ReadingSeasoned VR Devs Raise $1.6 Million for New Studio Focused on Virtual Pet Experience

Collaborative Spatial Design App ‘ShapesXR’ Raises $8.6M, Expanding to Apple Vision Pro & Other Headsets

ShapesXR is a collaborative spatial design app built to make it easy to prototype spatial interfaces, interactions, and environments. The company announced today it has raised an $8.6 million seed…

Continue ReadingCollaborative Spatial Design App ‘ShapesXR’ Raises $8.6M, Expanding to Apple Vision Pro & Other Headsets

Pimax Secures $30M Series C1 Funding to Expand & Support Rollout of Crystal & Portal VR Headsets

Pimax, the China-based creator known for its wide field of view (FOV) VR headsets, announced it’s secured a $30 million series C1 financing round, something the company says will aid…

Continue ReadingPimax Secures $30M Series C1 Funding to Expand & Support Rollout of Crystal & Portal VR Headsets