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Vuzix Secures $5M Investment as Veteran Smart Glasses Maker Sets Sights on Consumers

Vuzix, the veteran smart glasses maker, announced it’s secured a $5 million investment from Quanta Computer, the Taiwan-based ODM and major Apple assembler. The latest investment was the second tranche following an initial $10 million investment made by Quanta in September 2024, which included the purchase of Vuzix common stock at $1.30 per share. At the […]

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Road to VR & Scott Hayden

17. Juni 2025
Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal
Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. Citing delayed accounts obtained from its European division, the company is said to have raised $150 million in preferred convertible stock and $300 million in debt […]

Road to VR & Scott Hayden

3. Januar 2023
Varjo Raises $40M Series D Funding to Expand Cloud-based XR Platform
Varjo, maker of high-end enterprise XR headsets, this week announced it has raised a $40 million Series D investment to continue building its Varjo Reality Cloud software and deliver a “true-to-life industrial metaverse.” Varjo makes some of the highest-end enterprise XR headsets on the market, along with unique software solutions, claiming recently that one quarter […]

Road to VR & Ben Lang

8. September 2022
‘Zombieland: Headshot Fever’ Studio Raises $7M to Continue Development on XR Games
XR Games, the indie VR studio behind Zombieland: Headshot Fever (2021), announced it’s secured $7 million (£5.9m), something the studio says will used to grow both its team and intellectual property as it continues to develop new XR games. The latest funding round led by existing investors Act Media Ventures, Praetura Ventures and Maven. This puts the […]

Road to VR & Scott Hayden

11. Juli 2022
Lynx Secures $4M in Series A Funding, Aims to Become “European Champion of Mixed Reality”
Lynx, the French XR hardware startup known for crowdfunding the Lynx R-1 mixed reality headset, today announced it’s secured $4 million in its Series A round, led by social VR platform Somnium Space. Alongside Somnium Space, participants in the latest funding round also include what Lynx calls early supporters of the company and “other investors involved […]

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Road to VR & Scott Hayden

25. Mai 2022
Google Acquires MicroLED Startup Raxium to Bolster AR Ambitions
Google is adding to its portfolio of XR microdisplay designs and talent, as the company announced it’s acquired microLED (µLED) designer Raxium. The acquisition was previously reported by The Information in March, however now Google has confirmed in a blog post that it has indeed acquired Raxium, a five-year old startup building microdisplays for use in AR […]

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Road to VR & Scott Hayden

5. Mai 2022
Waveguide Maker DigiLens Announces New Investment at $530M Valuation
DigiLens, a maker of waveguide optics for AR glasses, today announced a second close of its Series D funding round, claiming a $530 million valuation. DigiLens is one of several companies building waveguide optics and positioning them for use in XR. Waveguides allow for extremely compact near-eye optics which are no thicker than the lenses on […]

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Road to VR & Ben Lang

7. April 2022
FOV Ventures Raises $18 Million to Fund European Metaverse Startups
FOV Ventures is a newly formed venture capital firm which plans to invest in early-stage metaverse startups. The firm says it has raised an initial $18.1 million as part of its first fund. Founding partners David Haynes and Petri Rajahalme announced this month FOV Ventures, a Finland-based early-stage VC firm through which the duo plans to […]

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Road to VR & Ben Lang

22. März 2022
Dent Reality Raises $3.4M to Bring AR Turn-by-turn Directions into Retail
Dent Reality, the UK-based augmented reality startup, announced it’s secured £2.5m (~$3.4m) in funding, something the company plans to use to further its efforts to bring phone-based AR navigation into the retail sector. The funding round was led by Pi Labs, with participation from Europe’s Sugar Capital, Silicon Valley’s 7Percent Ventures, and a number of […]

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Road to VR & Scott Hayden

24. November 2021
Niantic Raises $300M Investment at $9 Billion Valuation to build “real-world metaverse”
Niantic, the company behind Pokémon GO, today announced it has raised a $300 million Series D investment which values the company at $9 billion. Beyond its geo-location games, the company has been building out a world-scale framework which it believes will be critical for a future full of rich augmented reality. Niantic is best known for […]

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Road to VR & Ben Lang

23. November 2021