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AR Glasses Creator Nreal Secures $100M Series C Financing to Expand Internationally

Road to VR

Nreal is probably best known for its smartphone-tethered AR glasses, dubbed Nreal Light which made headlines back at CES 2019 for its relatively small form-factor in comparison to Magic Leap One or Microsoft HoloLens. The company’s Series C comes at a time when Apple is clearly making preparations for its own XR headsets.

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Microsoft Patents New MicroLED Display for HoloLens 2 Successor

XR Today - Mixed Reality tag

Microsoft has reportedly filed a new patent to develop a microLED display solution to enhance virtual, augmented, and mixed reality (VR/AR/MR) experiences. An Apple-Microsoft-Meta micro-OLED Melee? ” The initial patent continues, “The display substrate includes an array of micro-LEDs forming individual pixels.

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Samsung Reportedly Developing Their Own Wireless AR/VR Headset

VRScout

Not so fast, Apple. It appears as though the hybrid headset market is shaping up to be the latest trend in immersive entertainment as it’s now being reported that Samsung may be in the process of developing their own AR/VR headset similar to that of Apple’s recently announced device.

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Big XR News from Microsoft, LG, Brainstorm, and Merseyrail

XR Today - Mixed Reality tag

Next month, Apple’s Worldwide Developer Conference 2024 (WWDC) and Augmented World Expo 2024 (AWE) are set to shake up the enterprise XR space. At WWDC 2024, Apple may reveal international release windows for its Vision Pro device. The development of the volumetric workspace follows Microsoft’s AI updates.

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Meta and LG CEOs to Discuss AI-Powered XR Devices

XR Today - Mixed Reality tag

This week, a South Korean news publication reports that Meta CEO Mark Zuckerberg plans to meet with LG officials in South Korea to discuss new XR hardware. The OS could potentially provide a valuable source of income and services for Meta’s XR hardware ecosystem to combat the already deep Apple Vision Pro offerings.

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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

TechCrunch VR

million in 2017 and its first Series B round in April 2020, from backers that included South Korea-based Shinsegae Information & Communication, Woomi Construction, SL Investment, KDB Capital, Shinhan Capital, Enlight Ventures, CKD Venture Capital, and Breeze Investment, Ha said. Existing investors did not join this round.

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Optimistic Market Forecasts Declare AR Smart Glasses Uptick – Leveraging AI, Biometric, Sustainability Trends

XR Today - Augmented Reality tag

As popularised by Meta Ray Ban Smart Glasses and the Apple Vision Pro spatial/MR computing headset, interest in VR hardware is moving towards upcoming AR/MR devices. However, Evolve Business Intelligence explains that China, Japan, South Korea, and India are “key markets” for AR/VR growth and adoption.

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