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7 investors discuss augmented reality and VR startup opportunities in 2020

TechCrunch

For all of the investors preaching that augmented reality technology will likely be the successor to the modern smartphone, today, most venture capitalists are still quite wary to back AR plays. “We believe VR is still the largest long-term opportunity of the two. . AR complements the real world, VR creates endless new worlds.”

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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. Mass-produced microLEDs will be pivotal for the future of displays, particularly the emerging AR and VR spaces. “This doesn’t just herald widespread adoption of consumer-grade MR, VR and AR.

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Transfr raises $12M Series A to bring virtual reality to manufacturing-plant floors

TechCrunch

To Bharani Rajakumar , the founder of Transfr , the dilemma of displaced workers is the perfect use case for virtual reality technology. Transfr’s core technology is its software. Hardware-wise, the business uses Facebook’s Oculus Quest headset with Oculus for Business, not the generic customer hardware available in stores.

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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. Ervin is a software engineer by trade, having held roles at AR/VR startups Metaio, Liminal AR and Occipital.

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

The startup will continue to look for ways to expand its partner network of hardware and software companies across the globe, Luke Wilson, founder and CEO of ManageXR told TechCrunch. ManageXR built an enterprise device management platform designed for VR and AR devices to serve as the core infrastructure for organizations.

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Ultraleap’s mid-air haptics tempts Tencent to join its $82M Series D fundraising

TechCrunch

It was way back in 2017 that the company that became Ultraleap (Ultrahaptics, as was) demonstrated at TechCrunch Disrupt a technology that pioneered ultrasound to replicate the sense of touch. The underlying technology was based on post-graduate research from inventor – and still CEO – Tom Carter.

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Labster gets millions from a16z to bring virtual science lab software to the world

TechCrunch

A16z is very excited about investing in technology companies that have a big impact and potential to become massive global successes’,” CEO and co-founder Michael Bodekaer Jensen said. VR] was in no way as revolutionary as we hopped and thought of.”. Labster lands new cash to bring its virtual reality science lab software to Asia.