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Mozilla acquires Active Replica to build on its metaverse vision

TechCrunch

” According to Mozilla SVP Imo Udom, Active Replica will support Mozilla’s ongoing work with Hubs, the latter’s VR chatroom service and open source project. They will benefit from our scale, our talent, and our ability to help bring their innovations to the market faster.”

VR 289
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Refract raises $8.5M SGD funding, announces new game development division 

TechCrunch

The startup also plans to expand its team in preparation for the commercialization of AXIS later this year to cater to the rapidly growing market of gamers, tech adopters, content creators and fitness enthusiasts. Refract will continue delivering immersive and engaging XR and VR experiences to a growing market of 2.9

Games 246
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Meet retail’s new sustainability strategy: Personalization

TechCrunch

Sindhya Valloppillil is the founder and CEO of Skin Dossier, a venture partner at Next Gen Ventures, a freelance writer and formerly a beauty industry executive and marketing professor. We have been raised to believe in recycling, but it has mostly been a sham — only 9% of all plastic waste produced in 2018 was recycled.

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

With the latest funding, ManageXR will support its expanding team and go-to-market strategy as the company has experienced rapid growth since becoming available to beta users in November 2019 and officially launching in April 2021. The company will focus more on large enterprises next year, he added. .

VR 217
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Temasek’s Pavilion Capital backs South Korean AI chip maker Rebellions with $50M investment

TechCrunch

Semiconductors, which have become a valued asset, are used in virtually almost every industry, including 5G networks, automation, the Internet of Things, financials, smart homes, smart cities, virtual reality (VR), augmented reality and self-driving cars. The AI chip market is projected to be worth over $83.2 billion in early 2021.

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Nigerian startup Taeillo raises funding to scale its online furniture e-commerce platform

TechCrunch

Founded in 2018 by Jumoke Dada , the online furniture seller sources raw materials from local suppliers and manufactures furniture pieces from sofas and beds to chairs and tables, which it sells to individual customers and businesses. When Dada launched the platform, its target audience was solely businesses.

Retail 289
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Incredibuild gets $140M to speed up games and other software development with distributed processing tech

TechCrunch

This round of financing is the first substantial outside investment made in the company since it was picked up by private equity firm Fortissimo in 2018. We’ll cover every aspect of company building: Fundraising, recruiting, sales, product-market fit, PR, marketing and brand building.