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Vive X announces that it has nearly doubled its VR/AR investments

Vive X is its company's investment arm. (Source: Vive)
Vive X is its company's investment arm. (Source: Vive)
Vive X is a group set up by HTC's Vive in order to invest in augmented (AR) or virtual (VR) reality-based products and services. It has announced that it has achieved a return of nearly twice the funding it has awarded since its inception in 2016. It has mostly been conferred on commercial-grade VR/AR companies.
Deirdre O'Donnell, 🇪🇸
Accessory Business Software Gaming Virtual Reality (VR) / Augmented Reality (AR) Workstation

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.

Source(s)

Vive X

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Deirdre O'Donnell, 2020-06-27 (Update: 2020-06-27)
Deirdre O'Donnell
Deirdre O'Donnell - Editor
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.