AR and VR News | Category: Finances

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

Former Smart Contact Lens Developer Mojo Vision Secures $17.5M for AI Infrastructure

April 2, 2026

What’s the story? Mojo Vision, formerly focused on smart contact lenses, raises USD $17.5M for its micro-LED AI infrastructure platform. Why it matters The approach offers higher bandwidth and lower … continue reading

Tripo AI Raises $50M and Unveils New 3D Generation Models

March 31, 2026

What’s the story? Tripo AI has announced USD $50 million in funding and unveiled new 3D model architectures for generating production-ready assets in native three-dimensional space. Why it matters The … continue reading

OURA Acquires Gesture Recognition Startup Doublepoint

March 10, 2026

What’s the story? Smart ring maker Oura has acquired Finnish gesture recognition startup Doublepoint to advance how users interact with wearable devices using natural movements. Why it matters The acquisition … continue reading

Virtualware Secures €800,000 ADIF Contract Extension for VR Training

March 10, 2026

What’s the story? Spanish railway operator ADIF has extended its VR training contract with Virtualware in a four-year deal worth over €800,000. Why it matters The RITS system allows approximately … continue reading

VITURE Closes $100M Financing Round, Bringing Six-Month Total Above $200M

March 3, 2026

What’s the story? VITURE secured $100M in new funding to accelerate XR hardware development, bringing its total capital raised over the last six months to more than $200M. Why it … continue reading

ORamaVR Raises $4.5 Million in Seed Funding for Medical XR Platform

February 3, 2026

What’s the story? ORamaVR has closed a USD $4.5 million seed funding round to expand its XR platform for medical device training. Why it matters ORamaVR’s platform aims to accelerate … continue reading

NHS Supply Chain Outlines £210M Medical Simulation Framework with Dedicated VR, AR, MR Lot

February 2, 2026

What’s the story? NHS Supply Chain has published a GBP £210 million pipeline notice for a national framework agreement covering medical simulation devices and immersive technologies. Why it matters The … continue reading

2026

Reality Labs Burns $19 Billion in 2025 as Meta Signals No Slowdown in Losses

January 29, 2026

What’s the story? Meta’s 2025 financial results show Reality Labs operating losses widened to USD $19.19 billion, even as the division recorded a slight full-year revenue increase to USD $2.21 … continue reading

Virtuix Announces Nasdaq Listing and New $11M Investment

January 27, 2026

What’s the story? VR company Virtuix has completed its Nasdaq debut and secured a USD $11M investment to fuel growth for its Omni treadmill systems across multiple sectors. Why it … continue reading

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