The Business Times

Investors glimpse the future in virtual reality technology

Published Mon, Dec 14, 2015 · 09:50 PM
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MAGIC Leap, a secretive company making wearable technology for mixing digital imagery with the real world, is seeking to raise US$827 million. Jaunt, maker of a 3-D camera for filming virtual reality video, has nabbed a total of US$100 million, including US$65 million in September. And 8i, which makes technology that lets people interact with video of humans as though they were in the same room, has raised nearly US$15 million.

None of these startups is a household name. Few members of the public have had an opportunity to interact with - much less buy - the virtual and augmented reality technology that these companies are developing.

Yet, investors and entrepreneurs believe that headsets made to immerse people in digital worlds are the next giant moneymakers in technology, setting off an investor frenzy rarely seen since the early days of the Web and mobile markets. Virtual reality startups are multiplying, venture capital is pouring into them and the believers are expressing blue-sky thinking about how the new products co…

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