Archives for Business - Page 31
Oculus Brand Name Being Retired as Facebook Rebrands to Meta
With Facebook redubbing to a new corporate name -Meta-, the Oculus brand name is also being axed. Facebook Reality Labs boss Andrew “Boz” Bosworth announced the nomenclature changes via a…
New Tech Glasses in 2021 Heralding a Surge in the VR and AR Industry
2021 is ending on a high note for the industry with a host of new tech glasses launches over the past 8 weeks. Are these a pointer to a new…
Pimax Reality 12K QLED: Pimax Launches its Next Generation Headset
The past two months have seen frenzied launches of new virtual reality headsets. The latest is Pimax’s Reality 12K OLED VR headset. This is a next-generation virtual reality headset sure…
Echo3D Has Raised $4 Million for Cloud Authoring AR, VR and 3D
New York-based Echo3D raised $4 million for use in cloud authoring of virtual reality, augmented reality, and 3D content for various applications. Echo3D which was previously known as EchoAR wants…
Nreal Announces New AR Glasses, $100 Million Investment at $700 Million Valuation
With the fresh infusion of capital, Nreal is planning to grow more in the international markets and build new products. New AR glasses set to be unveiled next week. Nreal,…
Facebook Purchased Daqri Patents
Facebook acquired the patents of a flopped mixed reality startup and no, it isn’t Magic Leap. Instead, Facebook has gone for the patents of Daqri, a failed AR hardware manufacturer…
Virtual Reality is on the Rise in 2021 as Investors Continue Pumping Money into Studios
The success of the Oculus Quest 2 headset and a slew of other positive factors have injected a fresh lease of life into the immersive world and this is reflected…
VR Education Portal ENGAGE Raises $10.7 Million for its Oasis Metaverse for Business
The firm that is behind the social VR platform ENGAGE, VR Education Holdings, announced last week that it had raised $ million, financing that will go into expanding the platform…
AR Start-up Multinarity Raises $28 Million, Building a “Killer App for Mixed Reality”
The Israeli startup Multinarity says it has raised $28 million in an initial investment round. The funding mainly came from the venture capital firms Corner Ventures and VC Aleph. Multinarity…
Facebook to Begin Testing Ads for Paid Content Within the Oculus App
Facebook has been open about its intention to introduce ads into the Oculus VR platform in some format. In its v29 software update for Oculus Quest last month, Facebook revealed…