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

Crunchbase News

Now, the company reportedly may be on the cusp of ending production, following months of slow sales. 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. But not every gadget goes on to be a hit.

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7 investors discuss augmented reality and VR startup opportunities in 2020

TechCrunch

Meanwhile, few spaces were frothier in 2016 than virtual reality, but most VCs who gambled on VR following Facebook’s Oculus acquisition failed to strike it rich. “We believe VR is still the largest long-term opportunity of the two. . “We believe VR is still the largest long-term opportunity of the two.

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Holoride’s in-car VR tech is coming to Audi this summer

TechCrunch

Holoride’s partnership with Terranet, a Swedish ADAS software development company, allows for the VR system’s sensors and software stack to capture and interpret the environment quickly and accurately. Terranet’s VoxelFlow system calculates VR movement based on data points received from the car.

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Loft Dynamics raises $20M to tackle pilot shortage with VR training

TechCrunch

Loft Dynamics , a Swiss startup creating virtual reality (VR) simulation technology for helicopter pilots, has raised $20 million in funding from U.S. Alongside the funding, the company is also formally announcing its name-change from VRM Switzerland. H125 VR simulator. Image Credits: Loft Dynamics.

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Emperia is helping brands like Bloomingdales build shopping experiences in VR

TechCrunch

Does the average person want to shop for apparel in virtual reality (VR)? But not everyone agrees — particularly those who hope to build a business out of VR retail. ” Emperia’s platform offers tools brands can use to create virtual experiences, including stores in VR. Perhaps so.

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AR/VR screens could be getting a lot better as ‘microLED’ tech sneaks out of the lab

TechCrunch

Small displays like smartwatches and AR/VR applications are about to get a lot better, at least if Porotech has anything to do with it. The company says it is using a new class of Gallium Nitride materials, which enables its chips to produce any color visible to the human eyes.

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VR gaming startup ForeVR Games raises $10M to grow its library of Wii Sports-like titles

TechCrunch

While Meta tries to convince users to attend virtual work meetings in its metaverse , ForeVR Games , a VR gaming startup with casual games like bowling, darts and cornhole, is a reminder that virtual reality is supposed to be fun. Thanks to the company’s latest funding, the “ForeVRse,” as Segal likes to call it, will continue expanding.

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