Vive X announces that it has nearly doubled its VR/AR investments
Vive X is a division of the extended-reality (XR) company Vive intended to further its interests, as well as that of this firm's whole ecosystem, by "supporting startups and providing them with operational expertise and funding". It has just announced that it is about to double the return on this four-year program of investment.
The group has issued over 100 such awards across 6 locations worldwide since its founding in 2016. In addition, 17 of the companies involved have gone on to attract additional outside funding equivalent to a total of US$60 million in 2019. Vive X has found most of its subjects are in the business-focused sector of the VR market, currently projected to be worth up to $4.26 billion by 2023.
Then again, one of its 7 newest companies is Maze Theory, which makes narrative VR titles based on TV series such as Peaky Blinders and Doctor Who. It has been joined as a Vive X-funded organization by ORamaVR, a prominent source of XR-based healthcare training and Talespin, which exists to apply the same to workplace skills.