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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.

VR 224
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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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Daily Crunch: China criticizes India for ‘frequent investigations’ of local Chinese firms

TechCrunch

Another one gets the horn : Tebra, an operating system for independent healthcare providers, is now a unicorn after taking in over $72 million in equity and debt, Catherine writes. . In today’s Big Tech news, Meta took a new step in moving away from Facebook logins as its metaverse ID system , Lucas reports. and the U.S.

Insurance 234
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Daily Crunch: Citing ‘global market uncertainties,’ Sea flatlines Shopee India

TechCrunch

Latitud is aiming to become “the operating system for every venture-backed company in Latin America,” and just raised $11.5 Keeping abreast of what’s happening in the brain, brain.space remakes the EEG , aiming to make brain-wave measuring as easy as putting on a VR headset. million round of financing to do so.

Marketing 209
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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. As a result, businesses are increasingly looking to hire virtual and augmented reality developers for new and innovative VR apps. The global virtual reality (VR) and augmented reality (AR) market was expected to reach 18.8

VR 52
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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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