philip lelyveld The world of entertainment technology

16May/16Off

San Francisco sees its next burgeoning tech cluster in virtual reality technology

Both investors and large corporations are pouring capital into virtual reality production and technology: Virtual and augmented reality investing crossed $1 billion for the first time in March, according to a report by Digi-Capital, a Palo Alto-based advisory firm. Deloitte forecasts that 2.5 million VR headsets will sell in 2016, generating more than $300 million in revenue from game sales alone. VR-focused accelerators like Roethenberg Ventures’ River VR, UploadVR and Boost VC – all located in the Bay Area – have sprung up to meet the demand for virtual reality tools and content.

See the full story here: http://upstart.bizjournals.com/companies/innovation/2016/05/15/san-francisco-virtual-reality-industry-oculus.html?page=all

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