W|W: The Wearable Weekly – Magic Leap’s $1 billion round

magic leap

Welcome to The Wearable Weekly, your trusted guide to all things wearable tech. If you only have time to read one thing about wearables this week, this is it.

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Statistics and Forecasts

Games account for over half of the 3 million ARKit-powered app downloads, 62 percent of revenue (TechCrunch)


Device Announcements

Oculus announces $199 Oculus Go headset (The Verge)

Oculus Santa Cruz wireless VR dev kits coming in 2018 (Engadget)

Samsung’s Gear Sport smartwatch, IconX buds will be available from October 27th (9to5 Google)

Nokia shuts down VR camera unit (Variety)


Funding & M&A

Myant commits $100 million to the Advanced Manufacturing Supercluster (Newswire)

AR mystery startup Magic Leap looking to raise as much as $1 billion in Series D round (TechCrunch)

New XR Basefund preps €50 million fund for VR and AR early stage startups (VentureBeat)

Mapbox raises $164 million to expand its location platform to cars, VR, AR, and Asia (TechCrunch)

Bigscreen raises $1 million in funding (TechCrunch)

Japan’s mobile gaming company Akatsuki launches $50 million AR fund (Variety)


Major milestones

Oculus working on Avatar Platform that works cross-system (VR Focus)

‘Oculus for Business’ launches to help enterprises build VR (TechCrunch)

Oculus Rift getting customizable VR home room and desktop window support (The Verge)

Facebook launching “Venues” for watching concerts, sports, and movies in VR (TechCrunch)

Upskill updates AR platform for easier enterprise deployment (ZDNET)

NVIDIA opens up its Holodeck VR design suite (Engadget)


Rumours

Apple exploring 360-degree full VR helmet concept (Apple Insider)


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Tom Emrich

Tom Emrich

Sometimes called the “man from the future” Tom Emrich is a leading voice in wearable technology as an investor, community builder and influencer. His passion for this space is driven by his belief that wearable tech plays a critical role in our human evolution.