Wevr Announces New $3.5 Million Investment from HTC and Epic Game

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Wevr, a creative development and production studio devoted to interactive and spatial experiences, today announced $3.5 million in new funding from HTC Corp. and Epic Games. Original backers of Wevr, HTC and Epic are adding to their investment as Wevr expands its Virtual Studio technology and real-time 3D production capabilities. Advances in spatial computing and […]

King River Capital, Immutable, and Polygon Labs have teamed up to launch the $100M Inevitable Games Fund (IGF

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This web3 fund brings together Immutable and Polygon Labs who will identify opportunities for investors across the ecosystem. Managed by King River Capital, with support from Immutable and Polygon Labs, the fund targets high-growth prospects in the web3 gaming space. IGF's investor base comprises select professional and sophisticated investors, with an initial cap set at […]

Autodesk closes PIX acquisition

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Autodesk, Inc. has acquired the PIX business of X2X. PIX stands as a production management solution facilitating secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process. The decision to acquire PIX aligns with Autodesk's findings from its 2023 State of Design and Make report, which […]

Adobe Integrates Firefly Generative AI Into Substance 3D Workflows

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Adobe has integrated Firefly generative AI capabilities into Substance 3D Sampler and Stager, marking a significant advancement in 3D workflows for industrial designers, game developers, and VFX professionals. These new features, Text to Texture and Generative Background, streamline and enhance 3D texturing and staging tasks, saving time and boosting creativity. The Text to Texture feature […]

Sony stops production of PSVR 2 to clear current backlog

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According to Bloomberg, Sony Interactive Entertainment has paused the production of PSVR 2 in order to address the existing surplus of unsold units. This information comes from sources familiar with the situation. These sources indicate that Sony has already manufactured over 2 million units of PSVR 2. Data from IDC, as cited by Bloomberg, reveals […]

VR game developer Thirdverse has finalized $11.29 million in investment

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Based in San Francisco, California, Thirdverse, raised $3.3 million through a third-party share allotment facilitated by Nissei Capital Co., Ltd. and VeriServe Corporation. This latest funding, combined with the capital previously raised in November of the previous year, brings the total series D funding to approximately $11.29 million. When considering the funds amassed before the […]