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Former Oculus Execs’ AI Smart Glasses Startup ‘Sesame’ Raises $250M Series B Funding

Sesame, an AI and smart glasses startup founded by former Oculus execs, raised $250 million in Series B funding, which the company hopes will accelerate its voice-based AI. The News As first reported by Tech Crunch, lead investors in Sesame’s Series B include Spark Capital and Sequoia Capital, bringing the company’s overall funding to $307.6 […]

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Virtualware Seals €5M Deal to Support Virtual Vocational Training in Spain

Virtualware, the Spain-based XR and 3D simulation software company, announced it’s secured a €5 million ($5.8 million) deal to broadly roll out its VIROO platform in vocational training facilities supported by Spain’s Ministry of Education. The six-year contract allows Virtualware to bring its XR enterprise platform VIROO to 66 new ‘Centres of Excellence for Vocational Training’ […]

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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 glasses. The round was led by Vanedge Capital, and included investments from current shareholders Edge Venture Capital, New Enterprise Associates (NEA), Fusion Fund, Knollwood Capital, […]

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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 convertible loan, the €5 million investment also includes the option to secure an additional €5 million under the same terms, the companies say in a […]

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Ray-Ban Meta Smart Glasses Revenue Triples Year-over-Year, 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 up music, photo/video capture, and Internet searches via Meta AI. Starting at $300, the smart glasses have done remarkably well for themselves, prompting Meta to […]

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CREAL Secures $8.9M Funding to Miniaturize Light Field Display for AR Glasses

The post CREAL Secures $8.9M Funding to Miniaturize Light Field Display for AR Glasses appeared first on Road to VR.

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Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership

The post Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership appeared first on Road to VR.

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Smart Contact Maker Raises $250M Investment at a Whopping $1.35B Valuation

Smart contact lens startup XPANCEO announced it’s secured $250 million in Series A funding, putting its valuation at $1.35 billion and minting it as XR’s most recent unicorn. The funding round was led by Opportunity Venture (Asia), which led the company’s $40 million Seed round in 2023, bringing its overall funding to $290 million, according […]

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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. According to a Korean Economic Daily report, Google is slated to sign a deal worth around 145.0 billion Korean won (~$100 million) in Gentle Monster. Citing investment […]

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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 the development of TDK’s contribution to the entire AI ecosystem and reinforces the business portfolio to establish a leadership position in this critical market.” While […]

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