Epic Games Awarded Grants to 31 XR Projects in 2021 Through the $100M MegaGrants Fund
Since 2019 Epic Games (well known as the creators of Unreal Engine & Fortnite) has run the Epic MegaGrants program, a $100 million fund to financially support projects built with Unreal Engine. In 2021 the program awarded grants to 31 XR projects. Epic recently recapped the complete list of MegaGrant recipients in 2021, comprising a whopping […]

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Road to VR & Ben Lang

Avatar Creation Tool ‘Ready Player Me’ Raises $13M to Provide Metaverse-wide Avatars
Wolf3D, the Estonian startup behind web-based avatar creator Ready Player Me, has closed a $13 million funding round. The company says it will use the funds to further build out its avatar creation tools and eventually allow developers to earn money through the sale of in-game assets and non-fungible tokens (NFTs). Ready Player Me studio Wolf3D […]

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Road to VR & Scott Hayden

Resolution Games Acquires Studio Behind ‘Carly and the Reaperman’ Quest Port
Resolution Games, a leading developer of XR content, has acquired Zero Index, the studio which helped bring Odd Raven Studios’ VR co-op game Carly and the Reaperman (2018) to the Quest platform earlier this year. Zero Index is a game studio and consulting firm focused on B2B services within both the game and IT industry. Founded by […]

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Road to VR & Scott Hayden

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

Social VR Startup Raises $57 Million Investment Led by Major Japanese Mobile Network
Japanese social VR startup HIKKY announced today that it has raised ¥6.5 billion (~$57 million), led by Japanese mobile network operator NTT Docomo. The startup says it will use the funds to expand its web-based metaverse platform. Founded in 2018, Japan-based Hikky is best known for its series of ‘Vket’ events, virtual marketplaces where exhibitors […]

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Road to VR & Ben Lang

Sandbox VR Announces $37M Series B Funding to Expand Out-of-home VR Locations
Out-of-home VR destination Sandbox VR today announced an additional $37 million funding round that the company is using to support its continued expansion. In addition to its dozen worldwide locations, Sandbox VR says it’s working to nearly doubling that. The Series B funding was led by a16z, and includes participation by Alibaba and Craft. According to Crunchbase data, […]

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Road to VR & Scott Hayden

Promising VR MMO ‘Zenith: The Last City’ Just Got a Huge Boost With $10 Million in Funding
Ramen VR, the studio behind the upcoming VR MMO Zenith: The Last City announced today that it has raised $10 million in venture capital. The game is set to launch later this year on all major headsets. Zenith: The Last City got its start with a successful Kickstarter back in 2019. Despite raising $280,000—significantly more than its […]

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Road to VR & Ben Lang

XR Training & Gaming Startup Touts $5.2M Investment and Lamar Jackson Partnership
XR startup StatusPRO has announced it has raised a $5.2 million seed investment. While the company hasn’t fully revealed its product, it says it’s using AR and VR to create immersive sports training and gaming experiences. Teasing a partnership with NFL quarterback Lamar Jackson, the company claims its tech will usher in “a new era […]

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Road to VR & Ben Lang

XR Training & Gaming Startup Touts $5.2M Investment and Lamar Jackson Partnership
XR startup StatusPRO has announced it has raised a $5.2 million seed investment. While the company hasn’t fully revealed its product, it says it’s using AR and VR to create immersive sports training and gaming experiences. Teasing a partnership with NFL quarterback Lamar Jackson, the company claims its tech will usher in “a new era […]

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Road to VR & Ben Lang