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The virtual reality sector is expanding into areas like generative AI, healthcare, and industrial hardware.
For example, entertainment company Meow Wolf has raised $185.2M, while generative AI startup Luma AI has secured $157.3M.
Below is our list of 81 Virtual Reality startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50LAV Labs builds technology for human enhancement, centered around its social metaverse platform, LAV. They use a combination of AI, AR, and VR to create immersive digital spaces where people can connect and build communities.
Luma AI builds a generative AI tool that transforms simple text descriptions into high-quality 3D models. The company's platform helps creators and developers rapidly generate assets for use in video games, AR, and VR applications.
Emerge builds a communication platform that brings the sense of touch to virtual interactions through ultrasonic waves. Their flagship product, the Emerge Wave-1, is a tabletop device that allows users to physically feel digital content and connect with others in the metaverse.
Soul Machines develops lifelike digital people to serve as engaging and empathetic AI assistants. The company's patented Digital Brain™ technology powers these avatars, aiming to humanize the interactions between people and machines.
Sandbox VR operates a global network of venues offering full-body virtual reality experiences for social entertainment. Players enter a holodeck-like environment, using motion capture and haptic suits to feel like they are living inside a game.
Neurable develops AI-powered tools that translate brain signals into actionable commands for everyday devices. Their non-invasive brain-computer interface technology is designed to create more intuitive interactions within augmented and virtual reality environments.
Meow Wolf creates immersive and interactive art experiences that blend surreal storytelling with large-scale, explorable installations. These unique entertainment venues use a mix of digital media, augmented reality, and hands-on art to create narrative-driven worlds for audiences.
XRHealth operates virtual clinics that use extended reality technology for therapeutic care. Their platform allows patients to access physical, occupational, and behavioral health treatments from the comfort of their home.
Thirdverse is a game studio that develops and operates multiplayer virtual reality games incorporating web3 technology. The team focuses on creating shared experiences for players in immersive, persistent virtual worlds.
Varjo develops high-end virtual and mixed reality hardware and software for professional and industrial use. Their headsets are distinguished by human-eye resolution, offering photorealistic immersion for complex applications like pilot training and automotive design.
Our top ten picks are leading the charge, but they’re just one part of a much bigger story. Together, the companies on our full list have raised more than $2.5 billion to create new experiences in media, healthcare, and education.
Some are just getting started, while others are already growing fast. Here’s a look at the other startups shaping virtual reality.
| Startup | Main Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Mobility | 2016 | $53.3M | Series B | |
| Media | 2010 | $770M | Series D | |
| Communications | 2014 | $95.2M | Series D | |
| Education | 2016 | $44.5M | Private Equity | |
| Media | 2016 | $42.5M | Corporate Round | |
| Media | 2019 | $23.4M | Series A | |
| Media | 2021 | $290M | Series A | |
| Gaming | 2017 | $26.3M | Convertible Note | |
| AI | 2023 | $27M | Series A | |
| Enterprise | 2019 | $18.7M | Series A | |
| Media | 2015 | ₩12.4B | Series B | |
| Media | 2017 | $333.7M | Venture Round | |
| Media | 2019 | £3M | Venture Round | |
| Gaming | 2021 | $152M | Private Equity | |
| Media | 2015 | $38.5M | Series C | |
| Data | 2011 | $42.8M | Series C | |
| Healthcare | 2012 | $340.7M | Venture Round | |
| Design | 2013 | $8.9M | Series B | |
| Media | 2013 | $166.8M | Series D | |
| Media | 2016 | ₹45M | Venture Round | |
| AI | 2019 | €3.5M | Grant | |
| Media | 2021 | $25k | Grant | |
| Analytics | 2019 | €4.4M | Seed | |
| Media | 2020 | €22.3M | Series A | |
| SaaS | 2019 | €15.6M | Series A | |
| Media | 2011 | $23M | Corporate Round | |
| AI | 2015 | £9.7M | Angel | |
| Media | 2013 | $72.6M | Series B | |
| AI | 2019 | CHF5.9M | Venture Round | |
| Education | 2019 | RUB841M | Venture Round | |
| Media | 2019 | £5.1M | Venture Round | |
| Hardware | 2017 | $25M | Corporate Round | |
| Healthcare | 2018 | €8.4M | Seed | |
| Retail | 2013 | CN¥800M | Series D | |
| Design | 2016 | ¥1.3B | Series C | |
| Media | 2015 | $3.6M | Series A | |
| Media | 2015 | £3.6M | Venture Round | |
| Enterprise | 2015 | $4.6M | Seed | |
| Crypto | 2020 | $5.5M | Seed | |
| Media | 2012 | $3M | Seed | |
| Sports | 2017 | $5.5M | Venture Round | |
| Education | 2016 | €1.4M | Seed | |
| Media | 2019 | £2M | Venture Round | |
| Enterprise | 2013 | $7.6M | Series A | |
| Media | 2014 | €6.9M | Grant | |
| Enterprise | 2011 | €2.1M | Seed | |
| Enterprise | 2018 | €1.5M | Seed | |
| Media | 2017 | $2.5M | Pre-Seed | |
| Travel | 2020 | CHF600k | Convertible Note | |
| Media | 2020 | £1M | Seed | |
| Media | 2016 | €300k | Pre-Seed | |
| AI | 2020 | $1.5M | Pre-Seed | |
| Gaming | 2019 | $1M | Seed | |
| Media | 2017 | $500k | Seed | |
| Hardware | 2022 | €450k | Seed | |
| Media | 1998 | €2M | Seed | |
| Enterprise | 2015 | €1M | Venture Round | |
| Healthcare | 2020 | $250k | Seed | |
| Media | 2020 | PLN10M | Corporate Round | |
| AI | 2016 | CN¥13M | Series A | |
| Media | 2023 | $1.2M | Pre-Seed | |
| Media | 2015 | €1.1M | Seed | |
| Media | 2019 | $250k | Grant | |
| Media | 2020 | €100k | Pre-Seed | |
| InsurTech | 2013 | €290k | Series A | |
| Media | 2015 | $40k | Seed | |
| Manufacturing | 1997 | — | Private Equity | |
| Media | 1989 | — | — | |
| AI | 2016 | — | — | |
| AI | 2016 | — | — | |
| Media | 2004 | — | — |
