Global Virtual Reality Industry to Reach $7.2 Billion in Revenues in 2017

Stevi RexCompany, Press Releases, Virtual Reality

virtual reality industry report

SAN FRANCISCO (April 11, 2017) — In its new Virtual Reality Industry Report: Spring 2017, Greenlight Insights forecasts total virtual reality revenues to reach $7.2 billion globally by the end of 2017, of which, head-mounted displays (HMDs) will account for $4.7 billion. Anticipating modest growth in the short term, Greenlight Insights expects the VR industry to grow into a major … Read More

VR/AR Funding: 2016 Year in Review

Clifton DawsonAnalysis, Funding Database

2016 was another year of big numbers for VR/AR—the year closed out with over $1.8B in funding flooding into the space with an increase in the number of later stage rounds and 23 M&A deals. While skeptics may question the attractiveness of VR and AR as an industry, it’s important to keep in perspective that the industry is still maturing, with … Read More

Upcoming Webinar: The Year in VR/AR Venture Funding

Greenlight InsightsAnalysis, Events, Funding Database

After years of record-breaking venture funding in the virtual reality industry, Greenlight Insights expects 2016 to be a record-breaking year. The numbers are starting to roll in, as reported in the 2016 Virtual Reality Industry Report. A diverse set of companies made up the largest venture deals of the year. Earlier this year, MindMaze ($100M) and NextVR ($80M) have raised … Read More

Vrideo Shuts Down

Clifton DawsonAnalysis

Vrideo announced November 21 that it is shuttering its 360 video aggregation website and app, which had more than 700,000 installs. The ambitious site raised an initial funding round of $2 million in early 2015 from investors including Machinima co-founder Allen DeBevoise, Betaworks and Lerer Hippeau Ventures. Vrideo was apparently unable to raise any additional funding since, and simply ran out of … Read More