AR and VR News | Category: Finances

Kopin Secures $18.6 Million Sole-Source IBAS Award for Color MicroLED Microdisplays

October 15, 2026

In XR News What’s the story? Kopin Corporation has secured a USD $18.6 million sole-source US government award to develop two more MicroLED displays for ground soldier equipment and pilot … continue reading

Avalon Holographics Announces $11.7 Million Commitment From Lockheed Martin Canada

October 12, 2026

In XR News What’s the story? Avalon Holographics has announced it has received a CAD $11.7 million commitment from Lockheed Martin Canada for its holographic displays, including a new CAD … continue reading

Enterprise AR Software Provider PTC to Be Acquired by Schneider Electric in $22.6 Billion Deal

October 6, 2026

In Augmented Reality News What’s the story? Schneider Electric has agreed to buy PTC, the industrial engineering software company behind the Vuforia augmented reality products, in an all-cash deal valued … continue reading

FORVIA HELLA Invests in Distance Technologies to Develop Mirrorless 3D AR Head-Up Display

September 10, 2026

In Augmented Reality News What’s the story? FORVIA HELLA has invested in Finnish startup Distance Technologies and partnered with it to develop a mirrorless 3D augmented reality head-up display for … continue reading

TDK Acquires OQmented Assets to Strengthen Smart Glasses Display Business

September 3, 2026

In Augmented Reality News What’s the story? TDK Corporation has acquired assets from OQmented, a Germany-based developer of MEMS-based laser beam scanning and display technologies, folding them into its AR … continue reading

Godot Engine Developer W4 Games Raises $18 Million Series B Led by Tencent

August 25, 2026

In XR News What’s the story? W4 Games has closed an $18 million Series B funding round led by Tencent, bringing its total funding raised to date to $33 million, … continue reading

Meta Names Grant Recipients for AI Glasses Impact Program in the US

August 11, 2026

In XR News What’s the story? Meta has awarded nearly USD $2 million in AI Glasses Impact Grants to 30 organizations across the United States supporting accessibility, education, and workforce … continue reading

ENGO Eyewear Raises €5.1M to Expand AR Sports Glasses Business

July 23, 2026

In Augmented Reality News What’s the story? ENGO Eyewear has raised €5.1 million from Ventech, ODYSSEE Venture, and Bpifrance Amorçage Industriel to expand its AR sports glasses business. Why it … continue reading

Even Realities Hits $1B Valuation Following Meituan and Tencent-Led Funding Round

July 8, 2026

What’s the story? Even Realities has become a smart glasses unicorn after securing a reported $150 million pre-Series B round led by Meituan and Tencent for its next phase. Why … continue reading

Snap Acquires Spatial AR Company Illumix to Support Specs Glasses

June 5, 2026

What’s the story? Snap has reportedly acquired spatial AR company Illumix, adding its platform and most of its staff as Snap continues work on its Specs AR glasses platform. Why … continue reading

LetinAR Secures $18.5M to Support Smart Glasses Scale-Up

May 20, 2026

What’s the story? LetinAR has secured USD $18.5 million to scale its optical module technology for smart glasses. Why it matters The funding supports LetinAR’s scale-up plans as its optical … continue reading

Agog Announces $1M Grant Call for Climate Storytelling Projects

May 13, 2026

What’s the story? Agog has launched its first public open call, offering up to USD $1 million for climate-focused immersive media projects. Why it matters The open call expands access … continue reading

2026

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Finances