According to Digi-Capital, investors poured $1.8 billion into augmented and virtual reality companies over the last 12 months, including $300 million in the third quarter. These investments are not made without a means to monetize products and services.
While many analysts predict that the market for augmented and virtual reality will continue to grow over the next five years, now is the time for investors to get in on the ground floor.
Over the past week, we are seeing more companies capitalizing on services leveraging augmented reality. One company secured funding to expand their service, while two other companies grow its own services through acquisition.
This week in Market Reality, we see two companies capitalizing on technologies that contribute to augmented reality platforms. In addition, industry mainstays Vuzix and DAQRI have business news of their own to report.
The ride-sharing company Lyft has managed to secure $500 million in funding, which will certainly help its ongoing competition with Uber. According to recent reports, the cab firm is currently valued somewhere between $6.9 billion and $7.5 billion, but this still pales in comparison to Uber's estimated $70 billion valuation.
Google's former driverless car boss Chris Urmson raised considerable funds to get his new startup company Aurora Innovation up and running. Axios initially reported that Urmson raised over $3 million to fund his brainchild in the wake of his Alphabet exit, according to an SEC filing.
DigiLens, a company specializing in optical waveguide technology, recently announced that they had closed a $22 million round of strategic investment, also known as Series B funding. This round brought in Sony, Foxconn, Continental, and Panasonic, as well as more traditional venture investors such as Alsop Louie Partners, Bold Capital, Nautilus Venture Partners, and Dolby Family Ventures.
In a bad economy, starting your own business is hard, even if you know everything about a business plan. And lots of people have ideas to start a business, but starting a successful business takes more than a good idea, it takes planning.
People say that money makes the world go 'round. And it's no different in the world of augmented reality.
Tired of cleaning the stove and oven every time you cook? (It always gets so messy, doesn't it?) Well, there's one solution to keep the cleanup to a minimum, albeit a little unconventional, and that is to use your dishwasher!
In this tutorial, we learn how to file for unemployment in Michigan. In the state of Michigan, you can now file online or on the phone without standing in line. First, you will need to make sure you have all of your personal information and information from your previous job. Once you have all of this information, enter it into the phone or the internet when you are asked for the information. When you are finished entering in the information, you will be finished. The state will contact you i...
The COVID-19 pandemic has hit everyone hard. With over 36 million American workers filing unemployment claims, finances are at the front of everyone's mind. Understanding your accounts has never been as important.
The results of Microsoft's $480 million contract with the US Army are on display and users continue to test the suped-up version of the HoloLens 2.
Is the augmented reality magic fading down in Plantation, Florida? That's the first question some may be asking following a casual revelation over the weekend that Magic Leap, the maker of the Magic Leap One, has assigned much of its patent portfolio over to JP Morgan Chase as collateral.
The future of smartglasses for consumers seems ever dependent on Apple's entry into the market. Coincidentally, the exit of Apple's long-time design chief Jony Ive has shed some light on that eventual entrance.
The augmented reality industry has an insatiable lust for 3D content, which makes an investment of $48 million into Matterport a no-brainer for investors.
Waveguide manufacturer DigiLens has closed a $25 million Series C round of funding from automotive technology company Continental, which uses the technology in its heads up displays.
When it comes to making smartglasses that look more like regular eyeglasses and less like sci-fi helmets, Corning International might be among the suppliers to make it happen.
Over the past week, companies took a variety of approaches to investing in augmented reality. Lampix is backing its own effort to build an ecosystem for augmented reality platforms. Nokia and Xiaomi are teaming up on numerous fronts, potentially including augmented reality.
With the British exit from the European Union looming, the UK is looking to the auto industry to help boost their economy and secure jobs through the upcoming years. Today, Business Secretary Greg Clark and Transport Minister John Hayes announced the government investment of $136.7 million (£109.7 million) across 38 different automobile projects, as a part of the Plan for Britain.
Australia is looking to the future and finding driverless cars and other autonomous vehicles to be a top priority. Spacial Source reports that the state government has put AU$10 million into their Future Mobility Land Fund "to drive local development of autonomous vehicle technology."
Independent game developer PlayFusion announced today a partnership with NEXON Korea Corporation, resulting in a Series A preferred share round to fund development of their entertainment platform. PlayFusion's platform applies augmented reality, Internet of Things (IoT), and audio recognition to Lightseekers, an original property that combines mobile gaming with smart action figures, trading card games, and other media.
Economists have long since known that people want to be rewarded for taking on risk. Investments are thus judged by their risk-adjusted returns (Sharpe ratios). A typical hedge fund has a Sharpe ratio of around 0.5. This means that its excess annual return over the risk-free rate is about half its annual standard deviation.
The close of the second quarter of 2021 brought about a flurry of merger and acquisition and financing activity in the augmented reality industry, headlined by the acquisition of Ubiquity6 and JigSpace's new multimillion-dollar funding round.
As your home ages, so does your deck in the backyard, but there are ways to resolve this issue. If that wooden deck is looking weathered or worn, you can simply replace the components with composite materials without a complete rebuild. Composite doesn't splinter or have knots, and it's low maintenance. This two-part video, brought to you by Lowe's, will show you exactly how to renew your deck with composite decking.
Create a hand bag using a plastic bag with this video tutorial. We really have to do something with these plastic bags, it spoils nature so dramatically.
Thinking of selling your car on the internet? Make sure you don’t get taken for a ride. You Will Need
In our opinion, blowouts at salons are WAY overpriced. A few spritzes of heat protectant, a few good twirls of the blowdryer, and you're done. Well, after you pay $50.
Tending to your body with love (and frequent bouts of exercise) is a lot like being affectionate with your children: the more attention you pay to building a lean body now, the more likely it is that it'll pay you back with the same care later on in life.
In this how-to video, you will learn how to embed a social or fund raising widget on to your Facebook page. Look for static fbml on the Facebook search function. Click on it and add to page. Next, press add static fbml. Now you are finished. Go to edit page and click edit on the application. Now you can embed whichever code you need to paste into your Facebook page. Do not worry about what the code does, as you do not need to know it in order for it to work. Save the changes and go back to th...
This is video is a tutorial on how to save more money in your daily life. The video says that budget professional suggest that we need to set a goal. Decide why you're saving your money. Save your money to where if there were an emergency you could comfortably use your savings. The video suggests taking advantage of your employer's retirement fund. Last but certainly not least, we are told that saving sooner is better than saving later.
Learning the blues isn't an easy task, but this video helps make it a little easier. The song you'll be learning is "Coffee Blues" by Mississippi John Hurt. It's in the key of A and is a typical blues progression, in an alternating bass. It's the chords A, D, and E. If you're yearning to learn the delta blues, this is a great first step.
Take a piece of paper and fold it triangle wise. Then unfold it and fold two edged sides towards the center. Then turn back in the same manner and fold right there. Then again turn back and fold two sides as done before. Then straight that part and fold into two sides and then fold one side to an upside direction. Then fold it downwards holding the center part. Then again fold downward the folded portion and a little bit upward the edged part. Keep intact the edged portion. Then fold the next...
Chef Jason Hill tells us how to open a champagne bottle without much noise safely. Before opening the bottle make sure it is chilled to about 45 to 50 degrees. You can fill a bucket with half ice cubes and half chilled water and chill it for 30 minutes or you can refrigerate the bottle for 3 hours .When the bottle is chill remove it and dry it with a towel and carefully remove the foil with the wired wood intact. Grab the neck of the bottle with your left hand and place your thumb over the co...
Transform a piquant herb into a creamy, sweet paste by oven-roasting garlic with the help of these tips.
To much of the United States, Zika seems like a tropical disease that causes horrible problems in other countries but is nothing to be worried about stateside. It may make you rethink your beach vacation abroad, but not much more than that. However, if you live in Florida or Texas, the possibility of getting a Zika infection where you live is real — and local outbreaks are more and more a possibility.
"It just ticked me off," he said. In March 2011, Neil Singh paid $50 to back the Hanfree iPad stand on Kickstarter. The project was funded at $35,000, but production stalled, and the delivery estimates kept getting pushed back.
BlackBerry was one of the first companies to put anything that resembles a modern-day smartphone on the market, but now, seeing one out in the wild is like stumbling upon a fossil. Now that they've announced the BlackBerry Passport, it seems as if this is their last-ditch effort at remaining relevant.
Last year, Todd Blatt ran a Kickstarter campaign to make 3D-printed accessories for Google Glass, and has turned it into a company: GlassKap.
» Homeland Security Report Lists ‘Liberty Lovers’ As Terrorists. A new study funded by the Department of Homeland Security characterizes Americans who are “suspicious of centralized federal authority,” and “reverent of individual liberty” as “extreme right-wing” terrorists. » British police get battlefield weapons.
