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Top 43 Virtual Reality Startups in 2024

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Think Virtual Reality is boring and everything’s been done before?

Think again.

If you’re in the Virtual Reality industry or are interested in starting a company in this space, this article dives into 43 of the hottest fast-growing Virtual Reality startups.


43 Virtual Reality Startups

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1) Labster

Labster

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

Details of the startup:

  • Country: Denmark
  • State: Hovedstaden
  • City: Copenhagen
  • Started in: 2011
  • Founders: Mads Tvillinggaard Bonde, Michael Bodekaer
  • Number of employees: 101-250
  • Funding: $103,536,596
  • Funding rounds: 5
  • Number of investors: 12 (GGV Capital, Andreessen Horowitz, Balderton Capital, Owl Ventures, Northzone)

You can find their website here.

2) COVER Corporation

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
  • State: Tokyo
  • City: Tokyo
  • Started in: 2016
  • Founders: Tanigo Motoaki
  • Number of employees: 11-50
  • Funding: $8,683,441
  • Funding rounds: 3
  • Number of investors: 11 (SMBC Venture Capital, STRIVE, Mizuho Capital, Mizuho Bank, Kotaro Chiba)

You can find their website here.

3) Soul Machines

Soul Machines

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

Details of the startup:

  • Country: New Zealand
  • State: Auckland
  • City: Auckland
  • Started in: 2016
  • Founders: Greg Cross, Mark Sagar
  • Number of employees: 101-250
  • Funding: $65,000,000
  • Funding rounds: 2
  • Number of investors: 7 (Salesforce Ventures, Temasek Holdings, ICONIQ Capital, Horizons Ventures, Lakestar)

You can find their website here.

4) CLO Virtual Fashion

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
  • State: Seoul-t'ukpyolsi
  • City: Seoul
  • Started in: 2009
  • Founders: Jaden Oh, JH Boo
  • Number of employees: 101-250
  • Funding: ₩6,000,000,000
  • Funding rounds: 2
  • Number of investors: 4 (Mirae Asset Venture Investment, Atinum Investment, Stonebridge Capital, KDB Capital)

You can find their website here.

5) Varjo

Varjo

Varjo creates industrial VR/XR gear and software.

Details of the startup:

  • Country: Finland
  • State: Southern Finland
  • City: Helsinki
  • Started in: 2016
  • Founders: Klaus Melakari, Niko Eiden, Roope Rainisto, Urho Konttori
  • Number of employees: 101-250
  • Funding: $99,900,000
  • Funding rounds: 7
  • Number of investors: 16 (EQT Ventures, Atomico, Lifeline Ventures, Next47, Business Finland)

You can find their website here.

6) UX3D

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
  • State: Bayern
  • City: Munich
  • Started in: 2017
  • Founders: Norbert Nopper, Thomas Kress
  • Number of employees: 11-50
  • Funding: € 990,000
  • Funding rounds: 4
  • Number of investors: 1 (Unger Group)

You can find their website here.

7) Cluster

Cluster

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

Details of the startup:

  • Country: Japan
  • State: Tokyo
  • City: Tokyo
  • Started in: 2015
  • Founders: Johnson Tanaka, Kato Naoto
  • Number of employees: 1-10
  • Funding: $13,691,544
  • Funding rounds: 5
  • Number of investors: 12 (Global Brain Corporation, East Ventures, KDDI, DeNA, Skyland Ventures)

You can find their website here.

8) Holoride

Holoride

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

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2018
  • Founders: Daniel Profendiner, Marcus Kühne, Nils Wollny
  • Number of employees: 11-50
  • Funding: € 10,000,000
  • Funding rounds: 1
  • Number of investors: 1 (TerraNet AB)

You can find their website here.

9) Surrogate.tv

Surrogate.tv

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

Details of the startup:

  • Country: Finland
  • State: Southern Finland
  • City: Espoo
  • Started in: 2018
  • Founders: Esko Vähämäki, Severi Tikkala, Shane Henrik Allen, Stanislav Dmitriev
  • Number of employees: 11-50
  • Funding: $4,509,000
  • Funding rounds: 4
  • Number of investors: 6 (Business Finland, PROfounders Capital, Brighteye Ventures, Supernode Global, Initial Capital)

You can find their website here.

10) GITAI

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
  • State: Tokyo
  • City: Tokyo
  • Started in: 2016
  • Founders: Sho Nakanose
  • Number of employees: 1-10
  • Funding: ¥2,395,000,000
  • Funding rounds: 4
  • Number of investors: 12 (Global Brain Corporation, ANRI, DBJ Capital, Daiwa Corporate Investment, Dai-ichi Life)

You can find their website here.

11) Zero Latency

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
  • State: Victoria
  • City: North Melbourne
  • Started in: 2013
  • Founders: Scott Vandonkelaar, Tim Ruse
  • Number of employees: 11-50
  • Funding: $8,947,474
  • Funding rounds: 3
  • Number of investors: 4 (Carthona Capital, Thorney Investment, Regal Funds Management, Contango Asset Management)

You can find their website here.

12) OVICE

OVICE

OVICE is a voice-chat-based virtual space.

Details of the startup:

  • Country: Japan
  • State: Tokyo
  • City: Tokyo
  • Started in: 2020
  • Number of employees: 11-50
  • Funding: ¥100,000,000
  • Funding rounds: 1
  • Number of investors: 2 (MIRAISE, One Capital)

You can find their website here.

13) JigSpace

JigSpace

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

Details of the startup:

  • Country: Australia
  • State: Victoria
  • City: Melbourne
  • Started in: 2015
  • Founders: Zac Duff, Numa Bertron
  • Number of employees: 11-50
  • Funding: $6,100,000
  • Funding rounds: 3
  • Number of investors: 12 (General Catalyst, Investible, Boost VC, Rampersand, Eleanor Venture)

You can find their website here.

14) Adverty

Adverty

Adverty is a cutting-edge advertising platform.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2016
  • Founders: Niklas Bakos
  • Number of employees: 11-50
  • Funding: $3,767,824
  • Funding rounds: 3
  • Number of investors: 3 (EASME - EU Executive Agency for SMEs, Daniel Daboczy, Pontus Dahlstrom)

You can find their website here.

15) Resolution Games

Resolution Games

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

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2015
  • Founders: Martin Vilcans, Måns Ullerstam, Paul Brady, Tommy Palm
  • Number of employees: 51-100
  • Funding: $13,500,000
  • Funding rounds: 2
  • Number of investors: 11 (GV, Creandum, Partech, Bonnier Ventures, David Helgason)

You can find their website here.

16) TransGrid

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
  • State: New South Wales
  • City: Sydney
  • Started in: 1950
  • Number of employees: 1001-5000
  • Funding: A$2,000,000,000
  • Funding rounds: 1
  • Number of investors: 1 (OMERS)

You can find their website here.

17) Didimo

Didimo

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

Details of the startup:

  • Country: Portugal
  • State: Porto
  • City: Leça Da Palmeira
  • Started in: 2016
  • Founders: Veronica Costa Orvalho
  • Number of employees: 11-50
  • Funding: $8,778,982
  • Funding rounds: 6
  • Number of investors: 12 (Techstars, Farfetch, Portugal Ventures, EASME - EU Executive Agency for SMEs, Bynd Venture Capital)

You can find their website here.

18) Avataar.Me

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
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2016
  • Founders: Gaurav Baid, Mayank Tiwari, Prashanth Aluru, Sravanth Aluru
  • Number of employees: 51-100
  • Funding: $7,000,000
  • Funding rounds: 1
  • Number of investors: 1 (Sequoia Capital India)

You can find their website here.

19) VVDN Technologies

VVDN Technologies

Manufacturing | Product Engineering | Cloud & Apps

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2007
  • Founders: Bhupender Saharan, Vivek Bansal
  • Number of employees: 1001-5000
  • Funding: $35,000,525
  • Funding rounds: 3
  • Number of investors: 2 (Motilal Oswal Private Equity, Tessellate Ventures)

You can find their website here.

20) Decentraland

Decentraland

The Ethereum blockchain powers Decentraland, a virtual reality network.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2017
  • Founders: Esteban Ordano
  • Number of employees: 1-10
  • Funding: $25,500,000
  • Funding rounds: 3
  • Number of investors: 7 (Animoca Brands, Digital Currency Group, Fundamental Labs, Fabric Ventures, Genesis One Capital)

You can find their website here.

21) Nreal

Nreal

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

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2017
  • Founders: Bing Xiao, Chi Xu
  • Number of employees: 51-100
  • Funding: $71,000,000
  • Funding rounds: 5
  • Number of investors: 12 (CICC, Sequoia Capital China, Kuaishou Technology, iQiyi, GL Ventures)

You can find their website here.

22) Insta360

Insta360

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

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2014
  • Founders: JK Liu
  • Number of employees: 251-500
  • Funding: $39,000,000
  • Funding rounds: 4
  • Number of investors: 9 (IDG Capital, Qiming Venture Partners, Suning.com, Xunlei, Chiratae Ventures)

You can find their website here.

23) 3vjia.com

3vjia.com

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

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Guangzhou
  • Started in: 2013
  • Founders: Zhisen Cai
  • Number of employees: 501-1000
  • Funding: $117,592,153
  • Funding rounds: 4
  • Number of investors: 4 (Alibaba Group, Red Star Macalline, SBCVC, GF Xinde Investment Management)

You can find their website here.

24) DGene

DGene

DGene is a provider of virtual reality solutions.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Founders: Jason Yang, Jingyi Yu, Xu Hong, Yi Ma
  • Number of employees: 51-100
  • Funding: $21,326,887
  • Funding rounds: 4
  • Number of investors: 6 (Alibaba Group, IDG Capital, SAIF Partners, GSR Ventures, Shanghai Alliance Investment)

You can find their website here.

25) 51WORLD

51WORLD

Infrastructure provider for digital twins

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2015
  • Founders: Archer Li, Oscar Xue, Yi Li
  • Number of employees: 251-500
  • Funding: $45,000,000
  • Funding rounds: 3
  • Number of investors: 9 (SenseTime, Silicon Valley Bank, Tujia, Green Pine Capital Partners, Lightspeed China Partners)

You can find their website here.

26) ANTVR Technology

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
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: NIE Jingzhou, QIN Zheng
  • Number of employees: 11-50
  • Funding: $56,450,450
  • Funding rounds: 4
  • Number of investors: 2 (Sequoia Capital China, CDF-Capital)

You can find their website here.

27) VeeR (Velocious)

VeeR (Velocious)

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

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2016
  • Founders: Ayden Ye, Jingshu Chen, Yue Chen
  • Number of employees: 11-50
  • Funding: $20,000,000
  • Funding rounds: 3
  • Number of investors: 8 (DCM Ventures, Qiming Venture Partners, Cherubic Ventures, Samsung NEXT, Bertelsmann Asia Investments)

You can find their website here.

28) Pimax VR

Pimax VR

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

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Robin Weng, Veni Tang
  • Number of employees: 51-100
  • Funding: $19,236,618
  • Funding rounds: 2
  • Number of investors: 2 (Shenzhen O-film Technology, Tianma Bearing Group)

You can find their website here.

29) ROOBO

ROOBO

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

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Bruce Lau
  • Number of employees: 251-500
  • Funding: $153,000,000
  • Funding rounds: 2
  • Number of investors: 2 (Iflytek, Seven Seas Partners)

You can find their website here.

30) Multiverse

Multiverse

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

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2016
  • Number of employees: 11-50
  • Funding: CN¥13,000,000
  • Funding rounds: 2
  • Number of investors: 5 (Hejun Capital, Black Hole Capital, Taiyou Fund, Purple Bull Startups, Highway One Capital)

You can find their website here.

31) NOLO VR

NOLO VR

NOLO VR is a mobile and SteamVR motion tracking game.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2015
  • Founders: Daoning Zhang
  • Number of employees: 51-100
  • Funding: $24,506,840
  • Funding rounds: 3
  • Number of investors: 5 (Joy Capital, Lotus Capital Limited, BlueRun Ventures, China Mobile, ShengJing360)

You can find their website here.

32) Nearpod

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
  • State: Florida
  • City: Dania
  • Started in: 2012
  • Founders: Emiliano Abramzon, Felipe Sommer, Guido Kovalskys
  • Number of employees: 251-500
  • Funding: $30,700,000
  • Funding rounds: 5
  • Number of investors: 20 (Reach Capital, Insight Partners, GSV Ventures, Emerson Collective, StartX (Stanford-StartX Fund))

You can find their website here.

33) The Wild

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
  • State: Oregon
  • City: Portland
  • Started in: 2017
  • Founders: Gabe Paez
  • Number of employees: 11-50
  • Funding: $3,125,000
  • Funding rounds: 4
  • Number of investors: 6 (Oregon Venture Fund, Portland Seed Fund, Elevate Capital, Ideaship, at.inc/)

You can find their website here.

34) Vicarious Surgical

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
  • State: Massachusetts
  • City: Waltham
  • Started in: 2014
  • Founders: Adam Sachs, Barry Greene, Sammy Khalifa
  • Number of employees: 51-100
  • Funding: $43,150,000
  • Funding rounds: 5
  • Number of investors: 11 (Khosla Ventures, Bill Gates, Marc Benioff, Innovation Endeavors, AME Cloud Ventures)

You can find their website here.

35) Virtuix

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
  • State: Texas
  • City: Austin
  • Started in: 2013
  • Founders: Jan Goetgeluk
  • Number of employees: 11-50
  • Funding: $46,079,129
  • Funding rounds: 10
  • Number of investors: 18 (SeedInvest, Mark Cuban, Maveron, Tekton Ventures, Western Technology Investment)

You can find their website here.

36) Rec Room

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
  • State: Washington
  • City: Seattle
  • Started in: 2016
  • Founders: Bilal Orhan, Cameron Brown, Dan Kroymann, John Bevis, Josh Wehrly, Nick Fajt
  • Number of employees: 101-250
  • Funding: $149,000,000
  • Funding rounds: 7
  • Number of investors: 10 (Index Ventures, Sequoia Capital, First Round Capital, Betaworks, Madrona Venture Group)

You can find their website here.

37) CEEK

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
  • State: Florida
  • City: Miami Beach
  • Started in: 2015
  • Founders: Mary Spio
  • Number of employees: 11-50
  • Funding: $7,247,500
  • Funding rounds: 3
  • Number of investors: 1 (Backstage Capital)

You can find their website here.

38) Specular Theory, Inc.

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
  • State: California
  • City: Venice
  • Started in: 2013
  • Founders: Morris May, Ryan Pulliam
  • Number of employees: 1-10
  • Funding: $5,700,000
  • Funding rounds: 2
  • Number of investors: 1 (Toba Capital)

You can find their website here.

39) Wave XR

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
  • State: California
  • City: Los Angeles
  • Started in: 2016
  • Founders: Aaron Lemke, Adam Arrigo, Finn Staber
  • Number of employees: 11-50
  • Funding: $42,500,000
  • Funding rounds: 7
  • Number of investors: 35 (RRE Ventures, Tencent Music Entertainment, Seedcamp, Maveron, Greycroft)

You can find their website here.

40) Heru

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
  • State: Florida
  • City: Miami
  • Started in: 2018
  • Number of employees: 11-50
  • Funding: $32,700,000
  • Funding rounds: 2
  • Number of investors: 5 (SB Opportunity Fund, D1 Capital Partners, Krillion Ventures, Fred Moll, M.D, Maurice Ferre, M.D.)

You can find their website here.

41) Oculus

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
  • State: California
  • 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: $98,387,429
  • Funding rounds: 5
  • Number of investors: 10 (Founders Fund, Andreessen Horowitz, Spark Capital, Matrix Partners, Formation 8)

You can find their website here.

42) Niantic

Niantic

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

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2010
  • Founders: John Hanke, Phil Keslin
  • Number of employees: 101-250
  • Funding: $470,000,000
  • Funding rounds: 4
  • Number of investors: 20 (Founders Fund, Google, Battery Ventures, Spark Capital, CRV)

You can find their website here.

43) Matterport

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
  • State: California
  • City: Sunnyvale
  • Started in: 2011
  • Founders: Dave Gausebeck, Matt Bell, Mike Beebe
  • Number of employees: 251-500
  • Funding: $114,000,000
  • Funding rounds: 12
  • Number of investors: 32 (Lux Capital, Felicis Ventures, GIC, BoxGroup, Y Combinator)

You can find their website here.

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