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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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Virtual HQs race to win over a remote-work-fatigued market

TechCrunch

Yet, to a growing number of entrepreneurs in the Valley, when one physical door closes, a virtual one opens. With the goal of making remote work more spontaneous, there are dozens of new startups working to create virtual HQs for distributed teams. Succulents and spatial technology. The biggest challenge ahead?

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Hexa raises $20.5M to turn images into 3D objects for VR, AR and more

TechCrunch

But HTC’s focus has increasingly shifted over the years from mobile to VR, and it evidently sees Hexa as aligned with its current — and perhaps even future — lines of business. We conducted an early round due to tripling our customer base in 2023,” Atias told TechCrunch in an email interview.

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Nanome raises $3 million to help scientists get up close with molecular structures in VR

TechCrunch

San Diego-based startup Nanome uses virtual reality to solve that problem. McCloskey thinks that Nanome’s platform has become even more relevant during the COVID-19 pandemic, as researchers might be forced to work remotely on occasion, limiting their access to in-lab technology and software.

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Meet retail’s new sustainability strategy: Personalization

TechCrunch

It may not be as glamorous as D2C, but beauty tech is big money. For big brands and retailers, personalization is expected to be the top category for tech investment this year. Advanced virtual fitting rooms with VR/AR for fashion. Smart packaging with IoT and distributed ledger technology.

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YC and a16z back virtual reality basketball app Gym Class

TechCrunch

spending billions of dollars on virtual reality tech every fiscal quarter, the wider VR startup ecosystem has been having a tough few years coming down from the highs of 2016, when investors dumped money into the sector expecting Oculus-sized returns only to see most of their investments slowly wilt away. ”

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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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