Leading Hand-tracking Company Ultraleap Raises $82 Million Investment
Ultraleap, a leading company focused on hand-tracking interfaces, this week announced it has secured a £60 million (~$82 million) Series D investment, with the goal of expanding its hand-tracking and mid-air haptic tech in the XR space and beyond. Formerly known as Ultrahaptics, Ultraleap was formed after the UK-based haptics company acquired leading hand-tracking company Leap […]

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Road to VR & Ben Lang

Leading Hand-tracking Company Ultraleap Raises $82 Million Investment
Ultraleap, a leading company focused on hand-tracking interfaces, this week announced it has secured a £60 million (~$82 million) Series D investment, with the goal of expanding its hand-tracking and mid-air haptic tech in the XR space and beyond. Formerly known as Ultrahaptics, Ultraleap was formed after the UK-based haptics company acquired leading hand-tracking company Leap […]

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Road to VR & Ben Lang

CEO Shares First Details on Magic Leap 2, Announces $500 Million in New Funding
Magic Leap today announced that it has raised $500 million in new capital at a $2 billion valuation. This comes ahead of the launch of its upcoming AR headset, Magic Leap 2, which it promises will be smaller, lighter, and tuned to be an “all day” device. New Capital Magic Leap CEO Peggy Johnson took […]

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AR Glasses Creator Nreal Secures $100M Series C Financing to Expand Internationally
Chinese AR glasses startup Nreal announced it’s raised a fresh $100 million Series C financing round, something it says will be used for R&D and to fund wider international expansion. As first reported by CNBC, the latest round reportedly brings the company’s valuation to $700 million. That figure was obtained by an anonymous source with […]

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Resolution Games Secures $25M Series C Funding, ‘Demeo’ Surpasses “multi-million dollars” in Revenue
Resolution Games, the studio behind popular multiplayer VR titles Demeo (2021) and Blaston (2020), today announced it has secured a Series C funding round of $25 million. The Stockholm-based company says the investment will be used to bring “proper live games to the industry and expand their ability to innovate across both VR and AR […]

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AR Software Startup Multinarity Emerges from Stealth with $28M Seed Round
Multinarity, an Israel-based startup working on AR software, announced it’s raised $28 million in the company’s initial seed round. As reported in an exclusive by Calcalist, funding was led by Israeli investors VC Aleph and U.S. investors Corner Ventures. The company was founded in stealth last year by former Magic Leap execs; company CEO Tamir […]

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Road to VR & Scott Hayden

Red 6 Raises $30 Million for In-flight Military AR Training Platform
Red 6, a company building an aircraft platform with augmented reality capabilities designed for military training, says it has raised a $30 million Series A investment to further its mission. Founded in 2018, Red 6 is the creator of the Airborne Tactical Augmented Reality System (ATARS), which brings augmented reality into the cockpit of training […]

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Snap Acquires AR Display Startup WaveOptics for Over $500M
Snap Inc is making some definite strides into augmented reality territory as of late. It not only announced yesterday that its next-gen version of Spectacles will be a AR device, but it’s now come to light that the company is acquiring WaveOptics, the startup behind the AR optics within the Spectacles themselves. As confirmed by […]

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Holoride Secures $12M Funding to Create Immersive in-car VR Experiences
Holoride, the Audi co-founded startup aiming to inject immersive VR and AR into everyday car travel, announced it’s raised a €10 million (~$12 million) Series A investment round. The company first unveiled its tech back at CES 2019, showing off its platform which integrates a car’s movement with a VR content. The idea is backseat passengers […]

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Road to VR & Scott Hayden

CREAL Raises $7.2 Million to Bring its Light-field Display to AR Glasses

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Road to VR & Ben Lang