Virtual reality

Can advertising scale in VR?

Bottom line: VR usage needs more scale before ad revenue makes a dent.

Osso VR raises $27 million to turn surgery into a video game

Virtual reality did not turn into the ultimate office replacement telepresence machine during the pandemic — and it wasn’t for lack of trying — but some startups focused on employee

Apple and Snap partner JigSpace, the ‘Canva for 3D,’ raises a $4.7M Series A

When former Art Director Zac Duff started teaching a game development course online in 2015, he faced the same challenges that teachers around the globe have become all too familiar with after a pande

Training platform Virti raises $10M Series A led by IQ Capital to teach soft skills in VR

As the pandemic took hold, training staff had to “go virtual.” Typically, that would have meant falling back on existing corporate training solutions, which we all know and “love.” Cou

Psychedelic VR meditation startup Tripp raises $11 million Series A

As an increasing number of startups sell investors on mobile apps that help consumers prioritize well-being and mindfulness, other startups are looking for a more immersive take that allows users to f

Facebook’s entry into VR advertising isn’t going too well

Facebook’s efforts to bring advertising to the Oculus virtual reality platform it has spent billions of dollars building out doesn’t seem to be off to a great start. The company announced

Facebook will begin beaming advertisements into virtual reality

Well, it was only a matter of time. Advertising giant Facebook announced Wednesday that they’re going to begin testing advertising inside virtual reality titles on its Oculus platform soon. The

Facebook buys game studio BigBox VR

Facebook has bought several virtual reality game studios over the past couple of years, and they added one more to their portfolio Friday with the acquisition of Seattle-based BigBox VR. The studio&#8

Facebook buys studio behind Roblox-like Crayta gaming platform

Facebook has been making plenty of one-off virtual reality studio acquisitions lately, but today the company announced that they’re buying something with wider ambitions — a Roblox-like ga

Taipei-based computer vision startup eYs3D gets $7M Series A

EYs3D Microelectronics, a fabless design house that focuses on end-to-end software and hardware systems for computer vision technology, has raised a $7 million Series A. Participants included ARM IoT

Facebook VR exec Hugo Barra is leaving

Four years after joining as Facebook’s first VP of VR, ex-Xiaomi exec Hugo Barra has left the company, he said in a social media post Tuesday. Barra led Facebook’s VR efforts during a part

After another canceled year in the desert, Burning Man plans for a virtual event

Last month, the organization behind Burning Man announced that the festival/experience would not be returning to the desert of Nevada this year due to the COVID-19 pandemic and would instead be attemp

Xbox teams up with Tencent’s Honor of Kings maker TiMi Studios

TiMi Studios, one of the world’s most lucrative game makers and part of Tencent’s gargantuan digital entertainment empire, said Thursday that it has struck a strategic partnership with Xbo

Facebook brings software subscriptions to the Oculus Quest

Subscription pricing is landing on Facebook’s Oculus Store, giving VR developers another way to monetize content on Facebook’s Oculus Quest headset. Developers will be allowed to add premi

New Quest 2 software brings wireless PC streaming, updated ‘office’ mode

After a relatively quiet couple of months from Oculus on the software front, Facebook’s VR unit is sharing some details on new functionality coming to its Quest 2 standalone headset. The feature

Rec Room raises at $1.25B valuation from Sequoia and Index as VCs push to find another Roblox

Investor FOMO following Roblox’s blockbuster public debut is pushing venture capitalists who missed out on that gaming giant to invest in competing platforms. Today, Rec Room announced it has ra

Bank of America is bringing VR instruction to its banks

As consumer VR begins to have a moment following years of heavy investment from Facebook and other tech giants, corporate America is similarly beginning to find more utility in the technology, as well

Microsoft debuts its AR/VR meetings platform Mesh

Today, at a special AR/VR focused event held inside its virtual reality community platform Altspace, Microsoft showcased a new product aiming to provide their AR HoloLens platform and VR Windows Mixed

Labster gets millions from a16z to bring virtual science lab software to the world

Andreessen Horowitz, a venture capital firm with $16.5 billion in assets under management, has poured millions into an edtech startup that sells virtual STEM lab simulations to institutions. Copenhage

Nanome raises $3 million to help scientists get up close with molecular structures in VR

Discovery and research of new molecular compounds is an expensive business, with development costs exceeding $10 billion per substance in some cases. Part of that comes from the need to closely examin
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