4 VR/AR Companies For The Metaverse: Part 7

Part seven today in the series on virtual reality (VR) and augmented reality (AR) companies powered by the Metaverse Insider. For those readers visiting us for the first time, here’s the link to the first in the series.

1. holo|one

holo|one is a software development company based in Santa Clara, California. Founded in 2016 by Dominik Trost and Sven Brunner, the startup developed the XR platform Sphere, productivity and collaboration tool for enterprise.

Sphere does not rely on heavy and expensive customization — it is an out-of-the-box solution designed for easy integration of XR into business processes. Sphere covers all common XR use cases (remote assistance, digital collaboration and workflow guidance) and is compatible with a variety of different industries.

holo|one has raised a total of $8 million in funding over two rounds.

2. Avegant

Avegant is a well-funded, venture-backed technology company developing next-generation display technology to enable previously impossible consumer augmented reality experiences. It is pioneering innovative hardware and software solutions that will forever change how we learn, play, work and interact with each other. It has won multiple awards, as its team is the best in class.

Based in San Mateo, California, Avegant was founded in 2012 by Allan Evans, Edward Tang and Yobie Benjamin and has raised an impressive $62.4 million in funding over six rounds.

3. Lucid Sight

Founded in 2015 by Randy Saaf, Octavio Herrera and Fazri Zubair, Lucid Sight is a Los Angeles, California-based company developing technologies to support the evolving gaming landscape.

Lucid Sight has innovated on and explored new technologies across multiple platforms (iOS, Android, VR, Console, and PC), working with major IPs and brands. To date, Lucid Sight has built over two dozen games, apps and experiences using its cutting-edge multiplayer tech stack. These games include MLB Champions, CSC x Star Trek, and Justice League for PSVR. In 2021 Lucid Sight acquired Colyseus, a six-year-old open-source multiplayer engine built on JavaScript. Colysues joins Lucid Sight’s existing technology stack to create Colyseus Arena, a cloud solution for the democratization of multiplayer game development. Colyseus Arena unlocks the ability to create multiplayer games without networking expertise. Game creators will be freed from the complexities of network engineering to focus on the experience.

Lucid Sight has raised some $13.6 million in funding over four rounds.

4. Nreal

Nreal is on a mission to develop the next-generation user interface. At the forefront of actively developing consumer-facing mixed reality wearables since 2017, Nreal’s flagship product, Nreal Light, is a pair of lightweight and comfortable-to-wear mixed reality glasses that sport an industry-leading wide-screen and vivid display.

Beginning with Nreal Light’s debut in early 2019, Nreal has stood out with accolades including “Best Start-up” at CES and “Best in Show” at the Augmented World Expo (AWE). By collaborating with world-class partners that share Nreal’s vision, Nreal is devoted to making mixed reality available and readily accessible to all.

Based in Beijing, China, Nreal was founded by Bing Xiao and Chi Xu in 2017. To date, the company has raised a staggering $231 million in funding over seven rounds.

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