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Enterprise Social XR Platform ‘Glue’ at Risk as Developer Declares Bankruptcy

Road to VR

Glue Collaboration , the Helsinki-based startup creating remote collaboration tools for XR, announced it has filed for bankruptcy, putting the future of its business-focused social platform Glue at risk.

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Varjo Backs NVIDIA Omniverse for Ray-Tracing XR Tools

XR Today - Mixed Reality tag

With the two companies working together, the Helsinki, Finland-based extended reality (XR) firm will leverage NVIDIA’s industry-leading technologies to support applications with photorealistic, real-time ray-tracing. The news comes after Varjo secured $40 million in funding to build industrial metaverse technologies.

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Is Spatial Computing the Future of Automotive Safety?

XR Today - Augmented Reality tag

The series B funding round allows Basemark to scale its services via capital from investors such as ETF Partners, with funding also coming from Finnish Industry Investment (Tesi), Constructor Capital, Business Finland, and the European Innovation Council.

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Opera Beyond Creates Virtual Theater With Varjo and the FNOB

ARPost

The need for this kind of tool is high in opera and ballet organizations where the productions are often massive, the amount of people involved is enormous, sets and visual elements are built from scratch, technological solutions can operate on very advanced levels, and artistic teams are highly international,” said Haapasaari.

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FOV Ventures Raises $18 Million to Fund European Metaverse Startups

Road to VR

Founding partners David Haynes and Petri Rajahalme announced this month FOV Ventures , a Finland-based early-stage VC firm through which the duo plans to focus on Europe-based metaverse startups. FOV Ventures is a newly formed venture capital firm which plans to invest in early-stage metaverse startups. million as part of its first fund.

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HoloLens 2 Sales Expanding to 15 More Countries, ‘Development Edition’ Launches in the US

Road to VR

Now Microsoft is expanding the regions where it will sell HoloLens 2 to 15 new countries: Italy, Netherlands, Switzerland, Spain, Austria, Sweden, Finland, Norway, Denmark, Belgium, Portugal, Poland, Singapore, Hong Kong, and Taiwan. The company says South Korea will be added to the list “later this fall.” Value (MSRP; in $USD).

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Glue Collaboration Raises $3.85M Financing to Further Develop Business-focused Social VR Platform

Road to VR

Glue Collaboration , a Helsinki-based company developing remote collaboration tools for AR/VR, today announced that it has completed a new seed round of financing, raising a total of €3.5 Business Finland, the Finnish funding agency for technology and innovation, and OP Bank also provided funding for the development of Glue.

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