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The Full List of 6 Virtual Reality Unicorn Startups (2026)

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The virtual reality sector is home to a group of companies applying the technology to gaming, healthcare, and hardware. Among them, AR platform developer Niantic leads with a $9B valuation.

Social gaming platform Rec Room also shows the market's strength with its $4B valuation.

Below is the full list of 6 Virtual Reality unicorn startups at this time.

Top 6 Most Valuable Virtual Reality Unicorns

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Niantic builds augmented reality games that encourage real-world exploration, including the global phenomenon Pokémon GO. They also offer the Lightship platform, a set of tools for developers to create their own planet-scale AR experiences.

Valuation$9B (Joined November 2017)
HeadquartersSan Francisco, California, United States
Year Founded2010
FoundersJohn Hanke, Phil Keslin
Funding Amount$770M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsSpark Capital, IVP, Battery Ventures, Founders Fund, Y Combinator

Rec Room develops a social gaming platform that allows a global community to play and create games together. They are known for a user-generated content system that works across a wide range of devices, including VR and mobile.

Valuation$4B (Joined March 2021)
HeadquartersSeattle, Washington, United States
Year Founded2016
FoundersBilal Orhan, Cameron Brown, Dan Kroymann, John Bevis, Josh Wehrly, Nick Fajt
Funding Amount$294M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries F
Top InvestorsFirst Round Capital, Madrona, Coatue, Sequoia Capital, Index Ventures

MindMaze develops a digital neurotherapeutics platform to help patients recover from neurological injuries and conditions. Their technology uses virtual reality and gamified exercises for patient assessment and rehabilitation.

Valuation$2B (Joined February 2022)
HeadquartersLausanne, Vaud, Switzerland
Year Founded2012
FoundersTej Tadi
Funding Amount$340.7M
Company SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsSalica, Venture Kick, Leonardo DiCaprio, Concord Health Partners, AlbaCore Capital

XPANCEO develops smart contact lenses that act as an interface for AI-powered extended reality (XR). Their technology aims to create a seamless computing experience by integrating digital information directly into the user's field of view.

Valuation$1.35B (Joined July 2025)
HeadquartersDubai, Dubai, United Arab Emirates
Year Founded2021
FoundersRoman Axelrod, Valentyn Volkov
Funding Amount$290M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries A
Top InvestorsOpportunity Venture

Xreal develops consumer-focused augmented reality glasses that project a large virtual screen for entertainment and productivity. Their products are known for a lightweight, sunglasses-like design, making mixed reality more accessible for everyday use.

Valuation$1B (Joined January 2024)
HeadquartersBeijing, Beijing, China
Year Founded2017
FoundersBing Xiao, Chi Xu
Funding Amount$333.7M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsHSG, Alibaba Group, NIO Capital, Sequoia Capital, Shunwei Capital

NAVER Z develops the popular metaverse platform ZEPETO, where millions of users create and customize 3D avatars. Their application offers a virtual space for people to connect, play, and express themselves through user-generated content.

Valuation$1B
HeadquartersSeongnam, Kyonggi-do, South Korea
Year Founded2018
Founders
Funding Amount₩245.5B
Company SizeLarge Team (251-1,000)
Last Funding StatusCorporate Round
Top InvestorsSoftBank, Mirae Asset, YG Entertainment, Hybe, Krafton

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