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Collaborative Spatial Design App ‘ShapesXR’ Raises $8.6M, Expanding to Apple Vision Pro & Other Headsets

ShapesXR is a collaborative spatial design app built to make it easy to prototype spatial interfaces, interactions, and environments. The company announced today it has raised an $8.6 million seed investment, part of which the company plans to use to expand to more headsets. While so many VR interfaces and interactions borrow heavily (if not […]

Road to VR & Ben Lang

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Pimax Secures $30M Series C1 Funding to Expand & Support Rollout of Crystal & Portal VR Headsets
Pimax, the China-based creator known for its wide field of view (FOV) VR headsets, announced it’s secured a $30 million series C1 financing round, something the company says will aid in the rollout of its new portfolio of VR devices. The series C1 was led by Beijing-based investment firm Tuanmu Capital. This follows the company’s […]

Road to VR & Scott Hayden

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VR Education Startup Raises $12.5M to Teach Math and More Using VR in Schools
Prisms VR, an immersive platform for teaching math, announced it’s raised $12.5 million in a Series A round, which the company says will be used to expand its VR math literacy platform to more schools across the US. Led by Andreessen Horowitz, the latest funding round brings Prisms VR’s lifetime funding to $19.1 million, according […]

Road to VR & Scott Hayden

VR Training Company Gemba Secures $18M Series A to Expand Enterprise Metaverse
Gemba, the corporate VR learning platform, announced it’s closed an $18 million Series A funding round, which the company says will be used to continue expansion into Europe, the Middle East, Africa, and North America. The latest funding round was led by Parkway Venture Capital, now valuing the UK-based company at $60 million. In 2017, Gemba […]

Road to VR & Scott Hayden

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

‘Swords of Gargantua’ Studio Thirdverse Secures $15M, Aims to Bring Latest Titles to PSVR 2
Japanese VR studio Thirdverse today revealed it’s raised $15 million, something the Swords of Gargantua developer says will be used to expand global recruitment and develop new Web3 and VR titles. In its latest round, MZ Web3 Fund has signed on as the lead investor, bringing the company’s overall outside funding to $33 million. As […]

Road to VR & Scott Hayden

High-end Haptic VR Glove Company HaptX Raises $23 Million Investment
HaptX, which makes-enterprise focused haptic VR gloves, has announced the closure of a $23 million investment. The company says it will use the cash to accelerate the rollout of its next-gen products. HaptX has been enhancing and refining its enterprise-focused haptic VR gloves for several years now. In addition to force-feedback, the company also touts […]

Road to VR & Ben Lang

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

‘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

Entering the metaverse: How companies can take their first virtual steps

Businesses entering the metaverse must take measures that mirror actions a company would take entering a new market in the physical world. AR/VR – VentureBeat & Wyatt Ferber, Boathouse