Archives for Business
VR Locomotion System ‘KAT Loco’ Surpasses Kickstarter Target in 21 Hours
Lots of companies are coming with novel solutions to tackle the problem of movement in VR. Currently, most players are relying on smooth locomotion, teleportation or roomscale VR but all…
Against Gravity Announces $24 Million in New Funding for VR Development
Against Gravity, the makers of the virtual reality hit game ‘Rec Room’, have raised $24 million over two funding rounds. The Series A and Series B funding rounds were led…
Oculus Pressures Virtual Desktop into Dropping Stream VR Streaming Feature
Oculus Quest app Virtual Desktop developer Guy Godin has revealed via a recent Reddit post that Oculus Quest has forced the removal of a recently added feature that enabled SteamVR…
VR Pioneer Leap Motion Acquired By UK’s Ultrahaptics for $30 Million
Virtual reality startup Leap Motion, a pioneer in cutting-edge virtual reality hand-tracking controls, and which also manufactures DIY AR gear has agreed to sell to the UK-based VR solutions company…
AR Startup Streem Acquires UK Computer Vision Startup Selerio to Mesh Up its AR Teleconferencing Software
Augmented reality startup Streem which specializes in remote video assistance or teleconferencing solutions is about to give its software platform a leg up with an infusion of a new computer…
Immersive Media Startup Tyffon Raises $7.8 Million in Series A Round of Funding
Tyffon, a startup that grew out of the Disney Accelerator program, has just raised $ million in Series A funding which it will use to finance the expansion of its…
German Media Group ProSiebenSat.1 Invests €3 Million in Holodeck VR for Location-Based Virtual Reality Experiences
Location-based virtual experiences are filling the void and meeting the need that hardware vendors are unable to fill with affordable, high-performance and accessible virtual reality hardware. They are literally taking…
There are More than 550 Companies in the Virtual Reality Ecosystem
More than 550 virtual reality companies already make up the virtual reality ecosystem according to the Virtual Reality Fund which is currently tracking companies in the VR landscape. The key…
Google to Shut Down its Jump VR Platform in June
Google is shutting down its cloud-based video stitching service, Jump, this summer. The tech giant emailed the creators on the platform on Friday afternoon informing them that the Jump VR…
Nomadic Launches New Mixed Reality Center in Las Vegas
After the success of its debut location in Orlando, FL, Bay Area-based startup Nomadic is launching a new location-based virtual reality entertainment center in Las Vegas which will open later…