Reality

MixRift raises $1.6m for mixed reality games

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MixRift has raised $1.6 million in a pre-seed funding round. Outsized Ventures and Underline Ventures led the funding round, with additional contributions from SOSV and angel investors. The startup intends to use the funding to continue developing and publishing mixed reality titles. MixRift was co-founded by CEO Bobby Voicu (previously CEO of social gaming studio … Read more

Meta records loss of $4.5bn in Reality Labs during Q2

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Meta today released its second quarter earnings, reporting a $4.5 billion loss at its AR/VR Reality Labs division. This is the second reported loss of the year in this segment, as Reality Labs reported a $3.8 billion loss during its first quarter. Its second-quarter revenue rose 28% year-over-year, largely driven by sales of the Quest … Read more