HomeTechnologyVirtual RealityBreylon Raises $15 Million For Immersive Monitors, Taqtile $5 Million For Enterprise...

Breylon Raises $15 Million For Immersive Monitors, Taqtile $5 Million For Enterprise AR, Pico 4 VR Launch

Now Bytednace also wants Meta’s Metaverse business. After incorporating the social media empire formerly known as Facebook into social media, ByteDance bought VR company Pico . last year to go after their Metaverse business as well. Pico’s well-reviewed new device, The Pico 4, is better and cheaper than the current Quest 2. Pico will launch in Europe, Korea and Japan next month. No word on a US launch.

Breylon-based Immersive Monitor has raised $15 million. We first met Breylon in a suite at CES and were impressed by the immersive headsetless gaming experience with a high-definition monitor. The round was led by Lockheed Martin and the MIT-affiliated E14 Fund, with participation from Corning, LG Technology Ventures, UDC Ventures and Franklin Templeton.

Taqtile AR secures $5 million financing. The makers of the Manifest AR-enabled job instruction platform have announced new funding from Ascend, London-based Mesmerise, Downer Group and Innovation Lab. Company raised a $3 million round in 2019. Investors in this round include:

The United States Army’s Integrated Visual Augmentation System (IVAS) is now live. According to Jane’s Defense Weekly, the military began receiving the first of 5,000 units from Microsoft. Instead of the usual Microsoft HoloLens standalone system, the IVAS HoloLens is tethered to a puck. IVAS uses AR to give the infantryman a heads-up display for maps, drone feeds, night vision and two-way communications. Despite the enthusiasm of the military, Congress ignored the program in their current budget, leading to premature rumors of the program’s demise.

Wal-Mart “Be Your Own Model” uses AR to dress their customers. For the first time, an app can do a real-time virtual try-on. Today, users choose a model with their physique and dress it like a doll. Using technology from Zeekit, a start-up that Wal-Mart acquired in 2021, the app uses computer vision and neural networks to instantly generate an image of the user wearing the clothing. The app is capable of generating all different variations of a product, including size, color, sleeve length, fabric texture, etc. to generate an accurate, personalized fit.

This week in XR is also a podcast hosted by the author of this column and Ted Schilowitz, Head of Future Technologies at Paramount Global. This week our guest is Artur Sychov, founder and CEO of Somnimum Space. We can be found here Spotify, iTunesand YouTube.

What we read

Neal Stephenson mentioned the Metaverse. Now he’s building it (Steven Levy/Wired)

Facebook, beware: the metaverse is flat (Parmy Olsen/Bloomberg)

How Tumblr Went From a $1 Billion Yahoo Payday to a $3 Million Fire Sale (Leah Collins/CNBC)

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