AR and VR investments reach $2.3bn

The amount of money invested last year in virtual and augmented reality companies more than tripled compared to 2015, according to new research. Digi-Capital’s new ‘Augmented/Virtual Reality Report and Deals Database’ said that venture capitalists and corporate investors put US$2.3 billion into AR and VR startups in 2016, compared to some US$700m in 2015. AR […]

VR app store chief to keynote at MIPTV

A keynote speech at MIPTV in April will highlight how phone maker HTC is preparing the first subscription virtual reality market place, and wider trends in the VR content sector. Rikard Steiber (pictured), who is president of HTC’s Viveport VR app store, will deliver a talk on how his company is planning monetise a market […]

Google launches Daydream VR service

Google has launched its new Daydream View VR headset in five markets, along with Daydream and YouTube VR apps. The Daydream View headset and controller is available in the Google Store and via retailers in the US, Canada, UK, Germany and Australia and is compatible with any Daydream-ready phone – currently just Google’s new Pixel […]

HTC invests in VR studio Steel Wool

Consumer electronics firm HTC has invested US$5 million in Steel Wool, a virtual reality development studio formed by creative veterans from Pixar Animation Studios, Lucasfilm and Telltale Games. California-based Steel Wool said it will use the funds to help develop multiple existing “medium-pushing VR projects”, which span game, simulation, and narrative-based concepts. The first of […]