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XR Startup Lynx Appears to Enter Liquidation Proceedings Ahead of R2 Headset Launch

The company behind Lynx has entered liquidation proceedings ahead of launch of its upcoming Lynx-R2 XR headset, which is targeted at both consumers and enterprise. According to French court documents, SL Process, the company behind Lynx, has officially entered judicial liquidation following a ruling by the Economic Activities Court of Nanterre, France. The legal notice was […]

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Virtuix Goes Public During a Turbulent Moment for Consumer VR

VR treadmill creator Virtuix is going public, as its Class A ordinary shares will start trading today on the Global Market tier of the Nasdaq. The company’s stock market debut comes as consumer VR investment and first-party content spending have slowed across the industry. The News Founded in 2013 by CEO Jan Goetgeluk, Virtuix initially started its […]

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‘MultiBrush’ Studio Secures $4.5M Grant to Promote Positive VR Experiences for Elders

Rendever, the company behind Tilt Brush-based multiplayer Quest app MultiBrush (2022), has secured nearly $4.5 million in grant funding from the U.S. National Institutes of Health (NIH), which the company says it will use to bring its elder-focused VR experiences to the home care market. The studio says in an announcement the latest funding includes […]

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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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Operator XR Secures $3.7M VR Training Contract with Texas Department of Public Safety

Australian immersive training technology company xReality Group announced its subsidiary Operator XR has secured a contract with the Texas Department of Public Safety (Texas DPS) worth up to AUD $5.71 million (~$3.7 million USD), which will see the rollout of it VR police training system across the state. According to a press statement, Operator XR’s […]

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‘Freeaim’ Motorized Shoes Give Your Feet Tiny VR Treadmills, Kickstarter Now Fully Funded

UK-based startup Freeaim kicked off a new Kickstarter campaign yesterday to support the release of a pair of motorized shoes designed to enable natural walking in VR, essentially giving your feet two independent treadmills to walk on. VR treadmills are usually pretty costly and bulky, which means they mostly appeal to enterprise. Now, Freeaim has […]

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VR Treadmill Company Virtuix Raised Another $3M in Crowd Investments, Now at $200M Valuation

VR treadmill company Virtuix launched a crowd-based investment campaign late last year to further scale Omni One, its consumer-focused VR locomotion device. Now, the campaign’s second phase (Series B-2) has come to an end, garnering the company over $3 million. The company’s Series B-2 round has come to a close, which offered Series B Preferred […]

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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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