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Israeli Startup Explores the Role of VR in Relieving Chronic Pain

The medical sector can benefit quite a bit from virtual reality technology. Numerous medical applications for this technology are currently being explored. That in itself brings some much-needed excitement to this particular industry. One Israeli company now sees merit in helping patients deal with chronic pains through VR environments. An interesting approach, although further research […]

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VR Startup TheWaveVR Successfully Completes $6m Series A Funding

VR companies continue to attract a lot of attention. TheWaveVR is one of the multiple firms focusing on a social application for virtual reality. Unlike some of its competitors, the project mainly revolves around visual art and music, which can lead to some interesting creations. With $6m in funding secured, things look promising for this […]

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VR Music Startup MelodyVR Raises $20m to Expand to the US

The words “virtual reality” and “music” aren’t mentioned in the same breath all that often. A ¬†peculiar development, considering there are various concerts one can experience in VR these days. MelodyVR, a VR music startup, raised $20m to expand their business. The first order of business is to establish a foothold in the United States. […]

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VR Startup AltspaceVR is Closing its Doors due to Lack of Funding

When ambitious startups fail, there is plenty of reason to be sad. For AltspaceVR, their demise came as a surprise. A social VR platform should, on paper, attract ¬†a lot of attention. Unfortunately for the company, virtual reality is not a top priority for most consumers right now. Even the concept of its Echo Space […]

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VR Startups Need a Contingency Plan Until Consumer Adoption Improves

The virtual reality landscape is not too kind on startups right now. With consumer interest much lower than anticipated, a lot of companies are forced to make tough decisions early on. Any product or service thriving due to consumer demand will be phased out rather quickly at this pace. It is not easy to survive […]