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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

The funding is coming on the back of very significant growth and scale for Rec Room, amid a wider climate where suddenly a lot more attention is being focused on VR and immersive experiences, and specifically companies that are building content (or vehicles for content) that engage users in those mediums. (To billion valuation.

Games 257
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Ultraleap’s mid-air haptics tempts Tencent to join its $82M Series D fundraising

TechCrunch

Commenting, Tom Carter, Ultraleap CEO, said recent chatter about the VR-based “Metaverse” from companies like Facebook, as well as the shift to touchless interfaces brought about by the pandemic, had helped its fund-raising. For Ultraleap, this new era is not constrained to VR headsets.

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How to Get Started with VR: Intro to Your First Virtual Reality Project

Altexsoft

G was super-religious and spent most of her time in the OASIS, sitting in the congregation of one of those big online mega-churches, singing hymns, listening to sermons, and taking virtual tours of the Holy Land.” Meditative readings of the Bible are available on Samsung Gear VR today. Just scroll through a VR experience store.

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LG reveals the first shortlisted startups for its LG Nova incubator

TechCrunch

LG Nova announced its first two shortlisted companies as XR Health , which offers VR treatment rooms for telehealth services, and Maya MD , which is a digital AI health assistant that leverages LG’s televisions to encourage customers into active conversations about their health.

Tourism 234
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Investors double down on tech stocks in massive DoorDash, Airbnb, C3.ai IPOs

TechCrunch

I’m going to be returning full-time to my regular job editing Extra Crunch and stuff in the back offices here at TechCrunch virtual HQ. I covered the company closely during its early years, and even back then it was talking about being the operating system for the internet, like Microsoft Windows was for desktop.

Retail 305
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Why Adopting New Technologies like AR and VR are Essential for Your Business?

Trigent

In that case, it is essential to understand why companies consider adopting new technologies or digital transformations like Augmented Reality (AR) and Virtual Reality (VR) to meet customer needs. While AR and VR offer many revolutionary experiences, XR is based on the same technologies. million VR users and 110.1

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How Much Does It Cost to Create a Mobile VR App?

Mobilunity

When looking at the future of the technology industry, virtual reality (VR) is seen as one of the leading fields. Virtual reality is affecting every type of business and can be used in countless ways to make business processes more effective and efficient. But how exactly is VR used in the business world?

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