virtual reality

ABI: VR seeing strong interest from US businesses

Michael Inouye

Virtual Reality (VR) is seeing strong interest from US businesses, particularly in the healthcare, retail, consumer packaged goods, and automotive and transportation sectors. This is… Read more

AltspaceVR reverses shutdown


irtual reality social network, AltspaceVR, said it will “live on”, despite announcing its imminent closure late last month. In a blog post titled ‘AltspaceVR is… Read more

Discovery leads Here Be Dragons’ US$10m funding round

Here Be Dragons

Discovery Communications has led a US$10 million (€8.5 million) Series A funding round raised by virtual reality content studio Here Be Dragons. The deal values… Read more

RTL takes 15% stake in VR firm Inception


RTL Group has taken a 15% minority stake in virtual reality firm Inception, after leading the immersive content network’s US$15 million (€13 million) Series A… Read more

Second Life creator launches virtual reality world Sansar


Linden Lab, the company behind Second Life, has launched in public beta a virtual reality world called Sansar. The VR environment lets individuals, companies and… Read more

AltspaceVR shuts down citing ‘financial difficulty’


Virtual reality social network, AltspaceVR, is due to close down on August 3, citing “unforeseen financial difficulty”. In a statement published on the company’s website,… Read more

AR/MR market to reach US$14.1bn by end of 2021

Pokemon Go

The augmented and mixed reality market is tipped to soar in value to US$14.1 billion (€12.1 billion) by the end of 2021, despite contracting in… Read more

BBC VR study highlights ‘virtual cinema’ potential and headset woes

BBC VR virtual reality test

The ability of virtual reality to remove distractions and enable viewers to enjoy an immersive cinema-like experience was one of the key benefits experienced by… Read more

Google opens up Expeditions VR app

google expeditions

Google is rolling out an update to its Google Expeditions app on Android in a bid to extend take the experience outside of the classroom.… Read more

Nokia tips strong VR growth after lacklustre 2016

Tarif Sayed

Nokia has predicted a strong year for virtual reality (VR) in 2017, despite lacklustre headset shipments last year. Speaking at a press and analyst briefing… Read more