Acquisitions and Funding Stays Strong in AR/VR as Companies Recognize Growing Market Opportunity

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By Eric Abbruzzese | 2Q 2022 | IN-6504

 

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NEWS


It has been another busy month in the Augmented Reality (AR) and Virtual Reality (VR) markets, with a handful of impactful acquisitions and successful funding rounds.

Acquisitions:

  • Niantic acquired 8th Wall, a development platform focused on WebAR and content democratization. Niantic has been prolific with acquisitions over the past year, and 8th Wall will be a part of the company’s Lightship development efforts.
  • Google Acquired Raxium, a company specialized in LEDs for augmented and virtual reality. It joins a growing hardware effort from Google, with their own Glass product still in enterprise, an acquisition of glasses player North, and development support with ARCore.
  • Adobe acquired BRIO XR, a cloud-based AR/VR visualization creation tool.
  • Snap acquired NextMind, a brain computer interface startup. Snap has built out an AR ecosystem for social media content and plans expansion into dedicated AR hardware.

Funding:

  • VR gaming developer nDreams raised US$35 million, and confirmed they are working on titles for the upcoming Sony PSVR2.
  • Rokid, a smart glasses Original…

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