The 43 Best Virtual Reality Fast-Growing Startups

1) Oculus

Oculus, which makes the Rift, creates virtual reality systems and technologies that allow users to experience anything with anybody.

Details of the startup:

• Country: United States
• City: Menlo Park
• Started in: 2012
• Founders: Brendan Iribe, Jack McCauley, Maxwell Planck, Michael Antonov, Mike LeBeau, Nate Mitchell, Palmer Luckey
• Number of employees: 501-1000
• Funding amount: $98,387,429
• Number of funding rounds: 5
• Number of investors: 10

You can find their website here.

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2) Niantic

Niantic develops augmented reality platforms for current and future AR hardware generations.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2010
• Founders: John Hanke, Phil Keslin
• Number of employees: 101-250
• Funding amount: $470,000,000
• Number of funding rounds: 4
• Number of investors: 20

You can find their website here.

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3) Matterport

Matterport is a company that creates a 3D media platform for creating 3D and virtual reality models.

Details of the startup:

• Country: United States
• City: Sunnyvale
• Started in: 2011
• Founders: Dave Gausebeck, Matt Bell, Mike Beebe
• Number of employees: 251-500
• Funding amount: $114,000,000
• Number of funding rounds: 12
• Number of investors: 32

You can find their website here.

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4) Nearpod

Nearpod is an edtech platform that allows teachers in grades K-12 to create interactive presentations with films, quizzes, and other activities.

Details of the startup:

• Country: United States
• City: Dania
• Started in: 2012
• Founders: Emiliano Abramzon, Felipe Sommer, Guido Kovalskys
• Number of employees: 251-500
• Funding amount: $30,700,000
• Number of funding rounds: 5
• Number of investors: 20

You can find their website here.

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5) The Wild

The Wild is a virtual and augmented reality-based immersive collaboration platform that helps architecture, design, and enterprise teams save time and make better decisions by allowing them to experience their work together in a shared virtual area.

Details of the startup:

• Country: United States
• City: Portland
• Started in: 2017
• Founders: Gabe Paez
• Number of employees: 11-50
• Funding amount: $3,125,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

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6) Labster

Labster is an e-learning startup that provides mathematically based virtual laboratory simulations.

Details of the startup:

• Country: Denmark
• City: Copenhagen
• Started in: 2011
• Founders: Mads Tvillinggaard Bonde, Michael Bodekaer
• Number of employees: 101-250
• Funding amount: $103,536,596
• Number of funding rounds: 5
• Number of investors: 12

You can find their website here.

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7) COVER Corporation

COVER Corporation is a virtual live distribution service that allows businesses to make animation that is compatible with AR.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2016
• Founders: Tanigo Motoaki
• Number of employees: 11-50
• Funding amount: $8,683,441
• Number of funding rounds: 3
• Number of investors: 11

You can find their website here.

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8) Soul Machines

Soul Machines creates emotionally intelligent and responsive avatars that alter how people engage with machines.

Details of the startup:

• Country: New Zealand
• City: Auckland
• Started in: 2016
• Founders: Greg Cross, Mark Sagar
• Number of employees: 101-250
• Funding amount: $65,000,000
• Number of funding rounds: 2
• Number of investors: 7

You can find their website here.

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9) Vicarious Surgical

Through the use of surgical robots, Vicarious Surgical enhances the lives of patients and doctors by providing high-quality care.

Details of the startup:

• Country: United States
• City: Waltham
• Started in: 2014
• Founders: Adam Sachs, Barry Greene, Sammy Khalifa
• Number of employees: 51-100
• Funding amount: $43,150,000
• Number of funding rounds: 5
• Number of investors: 11

You can find their website here.

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10) Decentraland

The Ethereum blockchain powers Decentraland, a virtual reality network.

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2017
• Founders: Esteban Ordano
• Number of employees: 1-10
• Funding amount: $25,500,000
• Number of funding rounds: 3
• Number of investors: 7

You can find their website here.

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11) Virtuix

Virtuix is a virtual reality platform developer that allows users to walk and run in virtual reality in 360 degrees.

Details of the startup:

• Country: United States
• City: Austin
• Started in: 2013
• Founders: Jan Goetgeluk
• Number of employees: 11-50
• Funding amount: $46,079,129
• Number of funding rounds: 10
• Number of investors: 18

You can find their website here.

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12) Rec Room

Rec Room is a virtual world where you may play and create games with your friends.

Details of the startup:

• Country: United States
• City: Seattle
• Started in: 2016
• Founders: Bilal Orhan, Cameron Brown, Dan Kroymann, John Bevis, Josh Wehrly, Nick Fajt
• Number of employees: 101-250
• Funding amount: $149,000,000
• Number of funding rounds: 7
• Number of investors: 10

You can find their website here.

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13) CEEK

CEEK is a smartphone VR app that allows users to connect with bands in a virtual reality environment.

Details of the startup:

• Country: United States
• City: Miami Beach
• Started in: 2015
• Founders: Mary Spio
• Number of employees: 11-50
• Funding amount: $7,247,500
• Number of funding rounds: 3
• Number of investors: 1

You can find their website here.

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14) Avataar.Me

Avataar.Me is a high-tech provider of AR and VR services that are utilized to turn 2D design materials into 3D social media campaigns.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2016
• Founders: Gaurav Baid, Mayank Tiwari, Prashanth Aluru, Sravanth Aluru
• Number of employees: 51-100
• Funding amount: $7,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

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15) Specular Theory, Inc.

Award-winning virtual reality, augmented reality, and artificial intelligence (VR/AR/AI) training applications for the defense and commercial sectors. A Phase III SBIR firm. The company is based in Los Angeles, California.

Details of the startup:

• Country: United States
• City: Venice
• Started in: 2013
• Founders: Morris May, Ryan Pulliam
• Number of employees: 1-10
• Funding amount: $5,700,000
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

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16) CLO Virtual Fashion

CLO Virtual Fashion creates lifelike 3D garment simulation technology for the fashion, film, and gaming sectors.

Details of the startup:

• Country: South Korea
• City: Seoul
• Started in: 2009
• Founders: Jaden Oh, JH Boo
• Number of employees: 101-250
• Funding amount: ₩6,000,000,000
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.

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17) Wave XR

Wave focuses on interactive virtual experiences with the goal of assisting artists in monetizing their work at the crossroads of gaming and entertainment.

Details of the startup:

• Country: United States
• City: Los Angeles
• Started in: 2016
• Founders: Aaron Lemke, Adam Arrigo, Finn Staber
• Number of employees: 11-50
• Funding amount: $42,500,000
• Number of funding rounds: 7
• Number of investors: 35

You can find their website here.

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18) Heru

Heru creates unique AI-powered vision diagnostics and augmentation software that can be used with commercially accessible AR/VR devices.

Details of the startup:

• Country: United States
• City: Miami
• Started in: 2018
• Number of employees: 11-50
• Funding amount: $32,700,000
• Number of funding rounds: 2
• Number of investors: 5

You can find their website here.

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19) Nreal

Nreal is a company that creates mixed reality glasses that are ready to wear.

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2017
• Founders: Bing Xiao, Chi Xu
• Number of employees: 51-100
• Funding amount: $71,000,000
• Number of funding rounds: 5
• Number of investors: 12

You can find their website here.

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20) Varjo

Varjo creates industrial VR/XR gear and software.

Details of the startup:

• Country: Finland
• City: Helsinki
• Started in: 2016
• Founders: Klaus Melakari, Niko Eiden, Roope Rainisto, Urho Konttori
• Number of employees: 101-250
• Funding amount: $99,900,000
• Number of funding rounds: 7
• Number of investors: 16

You can find their website here.

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21) UX3D

In 3D, UX3D offers GPU-based products and solutions for disruptive technologies such as AI, XR, and eCommerce.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2017
• Founders: Norbert Nopper, Thomas Kress
• Number of employees: 11-50
• Funding amount: € 990,000
• Number of funding rounds: 4
• Number of investors: 1

You can find their website here.

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22) VVDN Technologies

Manufacturing | Product Engineering | Cloud & Apps

Details of the startup:

• Country: India
• City: Gurgaon
• Started in: 2007
• Founders: Bhupender Saharan, Vivek Bansal
• Number of employees: 1001-5000
• Funding amount: $35,000,525
• Number of funding rounds: 3
• Number of investors: 2

You can find their website here.

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23) Cluster

A cluster that allows anyone to host virtual events such as live music and conferences.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2015
• Founders: Johnson Tanaka, Kato Naoto
• Number of employees: 1-10
• Funding amount: $13,691,544
• Number of funding rounds: 5
• Number of investors: 12

You can find their website here.

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24) Insta360

Insta360 is a smart technology firm that creates cameras that allow users to freely share their experiences.

Details of the startup:

• Country: China
• City: Shenzhen
• Started in: 2014
• Founders: JK Liu
• Number of employees: 251-500
• Funding amount: $39,000,000
• Number of funding rounds: 4
• Number of investors: 9

You can find their website here.

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25) Holoride

By combining XR with vehicle movement and navigation data, Holoride transforms automobiles into moving theme parks.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2018
• Founders: Daniel Profendiner, Marcus Kühne, Nils Wollny
• Number of employees: 11-50
• Funding amount: € 10,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

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26) Surrogate.tv

Surrogate.tv is a third-party platform for creating physical encounters in real life.

Details of the startup:

• Country: Finland
• City: Espoo
• Started in: 2018
• Founders: Esko Vähämäki, Severi Tikkala, Shane Henrik Allen, Stanislav Dmitriev
• Number of employees: 11-50
• Funding amount: $4,509,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

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27) GITAI

GITAI is a robotics company that creates remote-controlled robots to take the place of astronauts in commercial space stations.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2016
• Founders: Sho Nakanose
• Number of employees: 1-10
• Funding amount: ¥2,395,000,000
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.

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28) Zero Latency

Zero Latency is a virtual reality firm that creates an entire studio experience using an inverted virtual reality system.

Details of the startup:

• Country: Australia
• City: North Melbourne
• Started in: 2013
• Founders: Scott Vandonkelaar, Tim Ruse
• Number of employees: 11-50
• Funding amount: $8,947,474
• Number of funding rounds: 3
• Number of investors: 4

You can find their website here.

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29) OVICE

OVICE is a voice-chat-based virtual space.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2020
• Number of employees: 11-50
• Funding amount: ¥100,000,000
• Number of funding rounds: 1
• Number of investors: 2

You can find their website here.

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30) JigSpace

Clients can use JigSpace to make and share dynamic spatial presentations.

Details of the startup:

• Country: Australia
• City: Melbourne
• Started in: 2015
• Founders: Numa Bertron, Sam Duff, Zac Duff
• Number of employees: 11-50
• Funding amount: $1,401,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

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31) Adverty

Adverty is a cutting-edge advertising platform.

Details of the startup:

• Country: Sweden
• City: Stockholm
• Started in: 2016
• Founders: Niklas Bakos
• Number of employees: 11-50
• Funding amount: $3,767,824
• Number of funding rounds: 3
• Number of investors: 3

You can find their website here.

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32) Resolution Games

Resolution Games is a virtual reality and augmented reality game development company.

Details of the startup:

• Country: Sweden
• City: Stockholm
• Started in: 2015
• Founders: Martin Vilcans, Måns Ullerstam, Paul Brady, Tommy Palm
• Number of employees: 51-100
• Funding amount: $13,500,000
• Number of funding rounds: 2
• Number of investors: 11

You can find their website here.

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33) TransGrid

The high-voltage power transmission network in the Australian state of New South Wales is owned and operated by TransGrid.

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 1950
• Number of employees: 1001-5000
• Funding amount: A$2,000,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

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34) Didimo

Didimo is the world's top platform for creating high-fidelity, user-based digital human avatars automatically.

Details of the startup:

• Country: Portugal
• City: Leça Da Palmeira
• Started in: 2016
• Founders: Veronica Costa Orvalho
• Number of employees: 11-50
• Funding amount: $8,778,982
• Number of funding rounds: 6
• Number of investors: 12

You can find their website here.

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35) 3vjia.com

3vjia.com is a VR-enabled 3D home design and furnishing portal.

Details of the startup:

• Country: China
• City: Guangzhou
• Started in: 2013
• Founders: Zhisen Cai
• Number of employees: 501-1000
• Funding amount: $117,592,153
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

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36) DGene

DGene is a provider of virtual reality solutions.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2016
• Founders: Jason Yang, Jingyi Yu, Xu Hong, Yi Ma
• Number of employees: 51-100
• Funding amount: $21,326,887
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

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37) 51WORLD

Infrastructure provider for digital twins

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2015
• Founders: Archer Li, Oscar Xue, Yi Li
• Number of employees: 251-500
• Funding amount: $45,000,000
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

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38) ANTVR Technology

ANTVR has superior technology and focuses on Augmented Reality (AR), Virtual Reality (VR), and Holographic Reality (HR).

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2014
• Founders: NIE Jingzhou, QIN Zheng
• Number of employees: 11-50
• Funding amount: $56,450,450
• Number of funding rounds: 4
• Number of investors: 2

You can find their website here.

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39) VeeR (Velocious)

For virtual reality enthusiasts, there is a global VR content community.

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2016
• Founders: Ayden Ye, Jingshu Chen, Yue Chen
• Number of employees: 11-50
• Funding amount: $20,000,000
• Number of funding rounds: 3
• Number of investors: 8

You can find their website here.

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40) Pimax VR

Pimax designs and manufactures VR headsets in 4K and 8K resolutions.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2015
• Founders: Robin Weng, Veni Tang
• Number of employees: 51-100
• Funding amount: $19,236,618
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

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41) ROOBO

Domgy is available for pre-order through Roobo, a hardware and AI firm based in China.

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2014
• Founders: Bruce Lau
• Number of employees: 251-500
• Funding amount: $153,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

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42) Multiverse

Multiverse is a virtual reality and augmented reality game development studio.

Details of the startup:

• Country: China
• City: Shenzhen
• Started in: 2016
• Number of employees: 11-50
• Funding amount: CN¥13,000,000
• Number of funding rounds: 2
• Number of investors: 5

You can find their website here.

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43) NOLO VR

NOLO VR is a mobile and SteamVR motion tracking game.

Details of the startup:

• Country: China
• City: Beijing
• Started in: 2015
• Founders: Daoning Zhang
• Number of employees: 51-100
• Funding amount: $24,506,840
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

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