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Smart Contact Maker Raises $250M Investment at a Whopping $1.35B Valuation

Smart contact lens startup XPANCEO announced it’s secured $250 million in Series A funding, putting its valuation at $1.35 billion and minting it as XR’s most recent unicorn. The funding round was led by Opportunity Venture (Asia), which led the company’s $40 million Seed round in 2023, bringing its overall funding to $290 million, according […]

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Road to VR & Scott Hayden

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Spatial Design Prototyping Tool ‘ShapesXR’ Adds Powerful Animation Features

ShapesXR (2021), the 3D and XR prototyping platform, just got a new animation feature that allows design teams to make their XR prototypes even more expressive and lifelike. The studio says the new ‘Animation’ feature introduces an “easy-to-use frame-based animation system, enabling creators to add transitions and dynamic interactions between scenes—all without writing a single […]

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Road to VR & Scott Hayden

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Meta Leak Suggests Smart Glasses With Display is Nearing Launch, Includes Wrist-worn Controller

The post Meta Leak Suggests Smart Glasses With Display is Nearing Launch, Includes Wrist-worn Controller appeared first on Road to VR.

Road to VR & Scott Hayden

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‘MYST’ Studio Cyan Announces Second Layoff Round This Year

Cyan, the indie studio behind VR-supported revivals of classic puzzle adventures MYST (1993) and RIVEN (1997), announced a second tranche of layoffs following a round in March that reduced the company by half. Cyan announced the news in a Bluesky post, linking an updated Google document with contact details of affected employees. The updated list includes […]

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Road to VR & Scott Hayden

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Quest 3S Xbox Edition Sells Out in Just Days From Meta, Availability Remains at Retailers

The post Quest 3S Xbox Edition Sells Out in Just Days From Meta, Availability Remains at Retailers appeared first on Road to VR.

Road to VR & Ben Lang

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Former Oculus Execs Are Jumping Back into Wearables with Sesame Smart Glasses

Oculus co-founder Nate Mitchell announced he’s joining former CEO Brendan Iribe and hardware architect Ryan Brown at Sesame, the smart glasses startup that exited stealth earlier this year. Mitchell announced in a LinkedIn post that he’s joining Sesame as Chief Product Officer, noting his mission is to “help bring computers to life.” “Getting the band […]

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Road to VR & Scott Hayden

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Xiaomi Unveils China’s Answer to Ray-Ban Meta Smart Glasses with a Few Killer Features

Today at Xiaomi’s ‘Human x Car x Home’ event, the Chinese tech giant revealed its answer to Meta and EssilorLuxottica’s series of smart glasses: Xiaomi AI Glasses. Reports from late last year alleged Xiaomi was partnering with China-based ODM Goertek to produce a new generation of AI-assisted smart glasses, which was rumored to “fully benchmark” against […]

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Road to VR & Scott Hayden

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Google Reportedly to Invest $100M in Smart Glasses Partner Gentle Monster

Ahead of Google’s planned rollout of Android XR-equipped smart glasses, the company is reportedly making a $100 million investment in hardware partner Gentle Monster, the South Korean fashion eyewear brand. According to a Korean Economic Daily report, Google is slated to sign a deal worth around 145.0 billion Korean won (~$100 million) in Gentle Monster. Citing investment […]

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Road to VR & Scott Hayden

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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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Road to VR & Scott Hayden

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Snap Inc. & Niantic’s New Partnership Could be a Big Moment for City-scale AR Positioning and Experiences

Snap Inc., the company behind the Snapchat social app and Spectacles AR glasses, has teamed up with Niantic Spatial to bring accurate geospatial capabilities to the Snapchat and Spectacles platforms. The partnership could be mutually beneficial as Snap’s platforms will get city-scale positioning capabilities while Niantic could see a massive influx of user-generated data to […]

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Road to VR & Ben Lang