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Meta Completes Latest Round of Fund Raising Amassing $50 Million

Jul 05, 2016 03:13 PM EDT

Augmented reality tech company Meta has announced that it was able to raise $50 million in its latest round of funding. The company added that among its new major investors are top Chinese conglomerates like Lenovo, Banyan Capital, Tencent, GQY, Horizons Ventures, and Comcast Ventures.

HTC's Virtual Reality Venture Capital Alliance

HTC Leads Virtual Reality Group with $10 Billion Funding

Ellie Froilan |

Jul 01, 2016 02:56 PM EDT

HTC is planning to transform its virtual reality (VR) department into a separate business.

Acer and Starbreeze's StarVR units will be in full mass production in 2017.

Acer Joins Starbreeze to Produce StarVR Headset

Ellie Froilan |

Jun 28, 2016 09:32 PM EDT

Acer has invested $9 million in StarBreeze to create an ambitious virtual reality headset.

China's Smartphone Usage Will Reach 1.4 Billion Units in 2020: Report

Sami Ghanmi |

Jun 28, 2016 08:55 AM EDT

Market research firm Canalys has anticipated that the number of smartphones in China will reach over 1.4 billion units by the year 2020, surpassing the number of smartphones in the United States in the same year, a number which is predicted to reach 332 million.

A separate VR business for HTC will be highly profitable because of its massive demand from online games.

HTC to Launch Separate VR Business

Ellie Froilan |

Jun 28, 2016 07:06 AM EDT

HTC has announced that it will launch a new virtual reality (VR) subsidiary to secure the company's future.

Alienware Unveils New VR-Ready Aurora Desktop PCs

Phenny Lynn Palec |

Jun 16, 2016 10:38 PM EDT

Tech company Alienware is resurrecting its Aurora line of desktop gaming PCs and is turning it into a system that is powerful enough to handle upcoming virtual reality titles.

PlayStation VR: Sony Announces Release Date, Price, Games at E3 2016

Phenny Lynn Palec |

Jun 15, 2016 05:10 AM EDT

The Electronic Entertainment Expo (E3) is considered as the biggest stage for video game companies to unveil new products and make major announcements. This year's E3 is no different as Sony officially announced that the highly anticipated virtual reality headset PlayStation VR will hit the market on Oct. 13 and will have a price tag of $399.

Valve Releases Virtual Reality Content Creator Tool 'Destination' for Free

Phenny Lynn Palec |

Jun 12, 2016 04:42 PM EDT

Tech company Valve has released a new virtual reality content creation tool completely for free. Named the Destination package, the tool includes the same Source 2 engine tools that Valve uses and a sample map which users can modify.

HTC Vive BE will launch in June for customers in the United States, United Kingdom, Canada, Germany, and France.

HTC to Offer Business Edition of Vive VR Headset for $1200

Ellie Froilan |

Jun 10, 2016 04:19 AM EDT

HTC plans to offer business version of its Vive VR headset and it will be called the Vive Business Edition (BE).

Sega is Bringing Zero Latency to Japan

Phenny Lynn Palec |

Jun 08, 2016 07:08 PM EDT

Japanese video game developer and publisher Sega has announced that it is bringing the groundbreaking virtual reality technology developed by Australian startup Zero Latency to Japan.

Microsoft's Windows Holographic Platform Now Open to Developers [VIDEO]

Phenny Lynn Palec |

Jun 07, 2016 04:49 AM EDT

Microsoft recently announced that its flagship Windows Holographic Platform is now open for all interested developers to use, allowing them to use the technology in apps for both the virtual reality and augmented reality platforms.

Snapchat Acquires Seene: May Develop 3D Selfies

Rina S. |

Jun 04, 2016 06:34 PM EDT

Messaging app Snapchat has acquired tech startup Seene, a "3D photo app maker." Snapchat is likely to use the startup's technology to improve several of its functions including 3D photo formats and improved lens performance. Snapchat is growing, the company recently overtook Twitter in terms of daily active users.

Jaunts Inc. Opens Virtual Reality Company in China

Tim Manzon |

Jun 03, 2016 05:26 PM EDT

One of the biggest tech companies in the world, Jaunt Inc., has launched a virtual reality venture in China in partnership with Shanghai Media Group and China Media Capital.

WebGazer: New Software Transforms Ordinary Webcams Into Eye-Trackers

Sami Ghanmi |

Jun 02, 2016 05:14 AM EDT

Computer scientists from the Brown University in the U.S. have successfully developed a new software that can transform ordinary webcams into eye-trackers.

One prominent, yet unnamed, developer has already agreed to work with Microsoft in creating virtual reality contents for the tech giant’s upcoming new console.

Microsoft is Working With Major European Developer on Xbox One Virtual Reality Game: Report

Phenny Lynn Palec |

May 30, 2016 04:52 PM EDT

There are reports that tech giant Microsoft is planning to build a new Xbox One console that will be powerful enough to handle the massive hardware specs required by some of the today's high-end virtual reality headsets.