(TechCrunch) Analytics firm Digi-Capital reports that tech companies working with augmented reality and virtual reality technologies raised more than $3 billion in venture funding in 2017. This suggests that while the buzz surrounding the AR/VR space has tapered off, the sheer amount of cash getting pumped into the industry is continuing to surge.
Though the report’s numbers highlight 2017’s marked dollar increase over 2016 investments, deal flow seems to be lighter, with more than half of this cash coming from just four massive deals:
Magic Leap = $502 million
Improbable = $502 million
Unity = $400 million
Niantic = $200 million