Netflix Acquires XR Avatar Startup Ready Player Me
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…
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…
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…
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…
Google Reportedly to Invest $100M in Smart Glasses Partner Gentle Monster
Ahead of Google’s planned rollout of Android XR-equipped smart glasses, the company is reportedly making a $100 million investment in hardware partner Gentle Monster, the South Korean fashion eyewear brand.…
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…
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…
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…
‘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…
Pioneering VR Studio Fast Travel Games Raises $4M
Fast Travel Games, the developer and publisher behind a host of VR games, announced it’s closed a new investment of $4 million, something the company says will help it further…
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…
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…