Tech Crunch – Liteboxer is the next contender in the VR fitness ring

If virtual reality social gatherings aren’t your cup of tea, we don’t blame you. But it’s hard to deny that putting on an immersive headset and punching stuff sounds kind of fun. Since its founding in 2017, Liteboxer has been like Peloton for boxing — you use in-home hardware to get a unique, music-based workout…

Tech Crunch – ByteDance-owned VR startup Pico strengthens ties with Qualcomm

Pico, the Chinese virtual reality startup bought by TikTok parent ByteDance back in August, has struck a major partnership with Qualcomm to push further into the extended reality (XR) space. Pico’s XR products will be powered by Qualcomm’s Snapdragon Spaces, the chipmaking giant’s developer program designed to make apps more ready for extended reality. Rather…

Tech Crunch – VCs weigh in on Europe’s future in the critical deep tech market

Writing about Europe is hard today. Russia is invading Ukraine as we write, and global markets are in freefall. This is the continent’s political and military backdrop. Last week, this column took a look at the European technology market’s deep tech expertise. Europe’s economic future, in other words. We could have held off a day…

Tech Crunch – Peloton adds gaming-inspired ‘Lanebreak,’ which looks like ‘Beatsaber’ on a bike

Why stop at just gamifying fitness with a leaderboard? Peloton is literally adding games to its repertoire today as it launches Lanebreak, which the company calls its “first gaming-inspired experience.” Lanebreak falls into the genre of music-centric rhythm games, like virtual reality favorite “Beatsaber” or the classic “Guitar Hero.” But on a game like “Guitar…

Tech Crunch – Hong Kong’s offline and virtual events platform EventX closes $18M Series B

As countries ease up on COVID restrictions, activities are going back in person. But the virtual event space continues to attract investors, at least in Asia. Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million….

Tech Crunch – Mozilla is shutting down its VR web browser, Firefox Reality

A top VR web browser is closing down. Today, Mozilla announced it’s shutting down its Firefox Reality browser — the four-year-old browser built for use in virtual reality environments. The technology had allowed users to access the web from within their VR headset, doing things like visiting URLs, performing searches, and browsing both the 2D…

Tech Crunch – Meta brings 3D avatars to Instagram, rolls out new options for Facebook and Messenger

Meta is bringing its 3D avatars to Instagram and is also rolling out updated avatars to Facebook and Messenger, the company announced on Monday. Users in the United States, Canada and Mexico can now show up as their virtual selves in stickers, feed posts, Facebook profile pictures and more. Today’s update adds Cochlear implants and…

Tech Crunch – Refract raises $8.5M SGD funding, announces new game development division 

Refract, a Singapore-based extended reality (XR) startup, announced today it has closed approximately $8.5million SGD (approximately $6million) Series A led by Sea Limited along with international family offices and individual investors. The latest funding will be used to intensify R&D for AXIS, a wearable and game-oriented full-body motion capture solution. The startup also plans to…

Tech Crunch – New Greylock venture partner Mustafa Suleyman is looking for AI’s next best thing

Mustafa Suleyman has been working in artificial intelligence for 12 years, trying to figure out how to use machine learning systems and AI to do important things in the work and have impact at scale. “And over the years, I’ve been lucky enough to be at the forefront of a lot of cutting-edge applications of…

Tech Crunch – The FTC is reportedly probing Meta’s VR business for antitrust violations

Following news that the FTC’s antitrust suit against Meta cleared a critical hurdle earlier this week, the agency is apparently also taking a sharp interest in the company’s VR business. Bloomberg reports that the FTC and multiple state attorneys general are probing Meta’s virtual reality division for “potential anti-competitive practices.” New York reportedly leads the…