Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership

Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership

It was rumored last year that Meta was seeking a minority stake in French-Italian eyewear conglomerate EssilorLuxottica, not only the largest eyewear manufacturer in the world, but also Meta’s partner behind its growing line of smart glasses. Now, a new report suggests the deal has gone through. Citing people familiar with the matter, a Bloomberg

Smart Contact Maker Raises $250M Investment at a Whopping $1.35B Valuation

Smart Contact Maker Raises $250M Investment at a Whopping $1.35B Valuation

Smart contact lens startup XPANCEO announced it’s secured $250 million in Series A funding, putting its valuation at $1.35 billion and minting it as XR’s most recent unicorn. The funding round was led by Opportunity Venture (Asia), which led the company’s $40 million Seed round in 2023, bringing its overall funding to $290 million, according

Spatial Design Prototyping Tool ‘ShapesXR’ Adds Powerful Animation Features

Spatial Design Prototyping Tool ‘ShapesXR’ Adds Powerful Animation Features

ShapesXR (2021), the 3D and XR prototyping platform, just got a new animation feature that allows design teams to make their XR prototypes even more expressive and lifelike. The studio says the new ‘Animation’ feature introduces an “easy-to-use frame-based animation system, enabling creators to add transitions and dynamic interactions between scenes—all without writing a single

Apple Acquires Digital Avatar Company TrueMeeting to Bolster Vision Pro Personas

Apple Acquires Digital Avatar Company TrueMeeting to Bolster Vision Pro Personas

Apple quietly acquired 3D avatar company TrueMeeting in January, which could help bolster the company’s digital Personas on Vision Pro. French language outlet MacGeneration first spotted the news via a European Commission filing, which includes a non-confidential summary of mergers and acquisitions. Details of the acquisition are still thin, however it appears Apple acquired the Tel

‘Eldramoor: Haven in the Mist’ Kickstarter Hits $100K Milestone with No Signs of Stopping

‘Eldramoor: Haven in the Mist’ Kickstarter Hits $100K Milestone with No Signs of Stopping

Resolute Games launched a crowdfunding campaign late last month to kickstart a VRMMO called Eldramoor: Haven in the Mist. Now the campaign has officially crossed the $100,000 mark, and it’s not showing any signs of stopping. Launched on June 24th, the Eldramoor campaign is hoping to revive some of the fun of recently shuttered VR MMO Orbus VR. Founded by