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Hong Kong’s offline and virtual events platform EventX closes $18M Series B

TechCrunch

But the virtual event space continues to attract investors, at least in Asia. Previous investors include Gaocheng Capital, an investment firm founded by a former Hillhouse partner, and HTC, the Taiwanese electronics giant that has pushed into virtual reality in recent years. EventX declined to disclose its post-money valuation.

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Social gaming platform Rec Room scores $20 million Series C

TechCrunch

Social gaming platform Rec Room has scored some new funding as it aims to bring its once VR-centric world to every major gaming platform out there. The platform has been around for years serving as a social hub and gaming platform for virtual reality users. Against Gravity is building a VR world that won’t stop growing.

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CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear

TechCrunch

Like “TrueSelf Scan,” the name of the initial application that’s used to scan a person’s image, the meeting software also will not require a VR headset to use and engage with — users will be “seated” in a room that will be shown on a video screen.

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Former Salesforce exec Bret Taylor is teaming up with Google AR/VR vet Clay Bavor on mystery startup

TechCrunch

Bavor, who spent almost seven years as the VP of AR and VR at Google as part of an 18 year career with the company, was coy in a LinkedIn post about what is coming next, but he was clear he’s doing it with his pal Taylor. Will it have an AR/VR flavor? It’s impossible to say right now, but the two have something cooking.

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Alta closes $12.4M seed round led by Makers Fund and Andreessen Horowitz

TechCrunch

Alta , a virtual reality metaverse studio, announced today it has raised a 12.4 It first gained traction in mid-2021 when its first VR game launched on the Oculus Quest 2. Alta’s next goal is to expand and build networks of virtual worlds across multiple platforms, incorporating elements of the metaverse, Anoshechkin said.

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Metaverse And VR Funding Slides Further As Even Apple Can’t Make A Hit

Crunchbase News

AR/VR still not a hitmaker Apple’s suboptimal foray into mixed reality computing follows a long line of startup flops in the augmented reality, virtual reality and metaverse space. So far this year, roughly $758 million has gone to rounds for startups tied to AR, VR and the metaverse, per Crunchbase data. Can Apple Save It?

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AmazeVR gets another $15M to forge the future of immersive concerts 

TechCrunch

AmazeVR , a virtual reality concert platform that enables users to experience their favorite artists’ VR concerts through content generation tools, announced today it has secured $15 million, which was oversubscribed within three weeks. . Users would join as avatars, hang out with other users, and experience VR concerts together.

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