VR Digest: New investment group
commands $10 Billion for VR

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VR Digest: A VR newsletter brought to you by Studio Transcendent
written by Ian Hamilton (@hmltn) issue 75 – July 6, 2016

VR Digest: A Virtual Reality newsletter brought to you by Studio Transcendent

New Investment Group Commands $10 Billion For VR

The Virtual Reality Venture Capital Alliance (VRVCA) revealed itself to be a joint venture of the “top 30” Virtual Reality investors “in the world”.  Members include HTC, Immersion Ventures, The VR Fund, and the Colopl VR Fund. Altogether the members control $10 billion in “deployable capital”. The group is led by Alvin Wang Graylin, the President of VR at HTC China.

VRVCA will be holding pitch sessions six times each year. They have two main areas of operation -- Beijing and San Francisco, but are willing to work with entrepreneurs located anywhere in the world.

“We are not searching for the next technology revolution because it is already here. We are searching for the next entrepreneur to lead it.”


Oculus Medium was shown in Canada for the first time recently. A tweet showing a 3D-printed creation made by an artist shows how far along the software has progressed.

A Rift owner proposed to his girlfriend using VR.

Google is laying the foundation to add VR modes to its Chrome Web browser, including the ability to browse 2D websites while using VR in Daydream.

It’s not very practical, but a video shows how toys can be hacked together to add position tracking to an untethered Oculus Rift by creating essentially a man-sized ball mouse.

A $90 gesture-recognition asset for Unity promises a way to train VR software to recognize highly complex movements.

The VR-powered Ghostbusters experience by The Void opened up in New York. Tickets cost around $50 each.

Google released more videos of its internal VR experiments, including animation and puppeteering software.

Epic Games will be releasing support for mixed reality capture in its next software update.

HTC officially turned its VR headset business into a separate entity.

EnvelopVR started a closed beta program for its “VR shell” software that allows Windows users to use their standard applications in VR. It is different from apps like Virtual Desktop in that windows can be placed anywhere in space around the user, and users can open as many windows as they want, as if they have an unlimited number of monitors on their desk.

VR Digest™ is a Virtual Reality Newsletter brought to you by Studio Transcendent, a producer of premium Virtual Reality experiences. We publish weekly on Wednesdays.

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