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Mobile AR/VR smartglasses developer and manufacturer Osterhout Design Group (ODG) has closed a $58 million series A funding round with the participation of Shenzhen O-film Tech, Vanfund Urban Investment & Development and several individual investors participated, along with principal outside investor and strategic partner 21st Century Fox.

The money will be used to boost ODG’s production capabilities, complete its new products to be introduced at CES ’17 and expand its...

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During the Wall Street Street Journal's WSJD Live conference, Microsoft CEO Satya Nadella said there was "no question" the company missed its opportunity when it came to mobile. "We clearly missed the mobile phone, there's no question," Nadella said. "Our goal now is to make sure we grow new categories." 

The peak of the mobile...

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Thalmic Labs, a wearable technology company that focuses on human-computer interaction and has developed the Myo gesture control armband, has closed its latest funding round with $120 million.

Intel Capital, the Amazon Alexa Fund and Fidelity Investments Canada led the funding round for the company, which plans to use the funds for bring in new products to market. iNovia, First Round Capital and Spark Capital also participated in the round.

The company's first product, the Myo...

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Headlines shouting “Brexit” have dominated the news of late and many analysts have characterized the vote as an “angry outcry” by working class citizens who’ve lost ground financially due to globalisation.

While that interpretation is debatable, it seems indisputable that globalisation has displaced a significant number of workers in many first-world countries. Workers in third-world countries have aspirations to skilled jobs, but may lack access to...

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Though the hype surrounding some of the core wearable technology sectors is declining, an IDTechEx report argues that the market will be worth over $30 billion in 2016, with over $11 billion of the total generated by newly popular products including smartwatches and fitness trackers.

The value of the market is expected to rise to over $150 billion by 2026 and IDTechEx anticipates disruption, commoditisation and rapid evolution of product form factors.

Companies are now beginning to look...

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A survey conducted by the Augmented Reality for Enterprise Alliance (AREA), in collaboration with Vital Enterprises, has revealed that adoption of smart glasses could benefit enterprise environments.

Where enterprises in the aerospace, automotive, life sciences and manufacturing sectors are the earliest adopters of the smart glasses technology, the survey shows that adoption of the technology is steadily building.

42% of the enterprises surveyed stated that they will adopt the...

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Newzoo has released new research which looks at the VR purchase intention of consumers across 16 countries, and found a link with eSports fans in particular. 

Virtual sports enthusiasts represent 45 percent of those who intend to purchase VR, which goes...

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Amnesty International has launched a new #360Syria ‘virtual tour’ website using WebVR technology which reveals the destruction wrought by the Syrian government on the city of Aleppo.

The demonstration, known as “Fear of the Sky”, is powered by Mozilla A-Frame technology, an open source framework which streamlines WebVR development and facilitates simple creation of WebVR experiences with HTML.

The #360Syria website features specially-created 360-degree...

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A new study by market research specialists Juniper Research points towards over 12 million consumer smart glasses shipping in 2020, with the market reinvigorated from 2017 by Microsoft's impressive HoloLens wearable. 

HoloLens uses Augmented Reality (AR) to manipulate the world around the wearer. In demonstrations, we've seen the HoloLens being used for lifestyle reasons,...

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Though augmented reality (AR) and wearable devices have caused a stir in consumer technology, a new report from Beecham Research argues that enterprise applications will be the major driver of growth in these segments.

Manufacturing, logistics, healthcare and retail have been identified as some of the most dynamic markets, where AR offers novel, hands-free interaction along with more control and access to information.

The report details market activity and consolidation and lists recent...