philip lelyveld The world of entertainment technology

The 10 Biggest AR Investments of 2018

#1 — Epic Games ($1.25 Billion)

Epic Games raised a massive $1.25 billion funding round in October from KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners. And while investors are surely salivating over Epic's cross-platform battle royale sensation Fortnite, Epic's Unreal Engine also competes with Unity as a leading 3D development platform for AR apps. As the market for AR apps grows, the demand for AR software development tools will increases in proportion.

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Honorable Mentions: WaveOptics and Varajo weren't the only AR display makers raising funding in 2018, with DigiLens ($25 million), Avegant ($12 million), and LetinAR ($3.6 million) also enticing investors. One particularly interesting company to watch in 2019 is AR conferencing software maker Spatial ($8 million). Also, although two Google-backed companies working on AR cloud solutions made the top 10, another startup, Blue Vision ($14.5 million), made its exit via acquisition by Lyft. And virtual reality companies pivoting to augmented reality is a theme that could continue into 2019, as Resolution Games ($7.5 million) and vTime ($7.6 million) gained attention from investors by shifting their business models to focus on AR.

See the full story here: https://next.reality.news/news/10-biggest-ar-investments-2018-0191870/