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Social gaming platform Rec Room scores $20 million Series C

TechCrunch

Social gaming platform Rec Room has scored some new funding as it aims to bring its once VR-centric world to every major gaming platform out there. The startup has closed a $20 million Series C led by Madrona Venture Group. Against Gravity is building a VR world that won’t stop growing.

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Former Salesforce exec Bret Taylor is teaming up with Google AR/VR vet Clay Bavor on mystery startup

TechCrunch

Bavor, who spent almost seven years as the VP of AR and VR at Google as part of an 18 year career with the company, was coy in a LinkedIn post about what is coming next, but he was clear he’s doing it with his pal Taylor. Will it have an AR/VR flavor? It’s impossible to say right now, but the two have something cooking.

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VUZ raises $20 million to scale its immersive social app

TechCrunch

VUZ , a social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has raised $20 million in Series B investment. The platform offers over 20,000 hours of content covering entertainment, creators, sports, and XR, VR, and AR experiences virtually anywhere in the world.

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Daily Crunch: Meta’s upcoming VR headset will track eye movements and capture facial expressions

TechCrunch

Virtual reality, Meta style : Meta’s new virtual reality headset technology is going to focus on face-tracking and eye-tracking, features the company calls “social presence,” Ivan writes. The TechCrunch Top 3. It doesn’t come out until October, so you have roughly two months to pull together the $400 we think it is going to cost.

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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

The funding is being led by Coatue Management, with participation from existing investors Sequoia Capital, Index Ventures and Madrona Venture Group, and it is coming in at a $3.5 billion valuation. This is a significant hike on its valuation earlier this year, in March, when it raised $100 million led by Sequoia at a $1.25 billion valuation.

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AmazeVR gets another $15M to forge the future of immersive concerts 

TechCrunch

AmazeVR , a virtual reality concert platform that enables users to experience their favorite artists’ VR concerts through content generation tools, announced today it has secured $15 million, which was oversubscribed within three weeks. . Users would join as avatars, hang out with other users, and experience VR concerts together.

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Metaverse: The time for CIOs to experiment is now

CIO

Right now, the metaverse is essentially an undefined amalgam of technologies and concepts including but not limited to augmented reality (AR), avatars, blockchain, cryptocurrencies, extended reality (ER), mixed reality (MR), NFTs (non-fungible tokens), virtual reality (VR), and Web3. Follow the money. Get on the train.

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