While many analysts predict that the market for augmented and virtual reality will continue to grow over the next five years, now is the time for investors to get in on the ground floor.
Last week, market analytics firm CB Insights released an updated chart of the most active investors in augmented and virtual reality based on data collected since 2012.
Rothenberg and their River Accelerator are credited with investments in 27 AR/VR companies, including indoor mappers Innerspace, and enterprise app developer Triggar (though their investments in Meta are not accounted for).
NR50 members The Venture Reality Fund, Presence Capital, Techstars, Intel Capital, and Y Combinator also placed on the list.
According to CB Insights, funding for companies working on augmented and virtual reality technologies increased by 60 percent in the first quarter of 2017.
The company's MyBeam technology produces immersive surround sound without headphones, which can be utilized in augmented and virtual reality experiences as well traditional audio setups.
The company also appointed industry veteran Gerry Chastelet as chief executive officer and Andrew Arno, vice chairman of the special equities group and Chardan Capital Markets, LLC, to the board of directors.
This week, Fireswirl Technologies announced its intentions to issue 15,000,000 units at a subscription price of $0.05 per each in a non-brokered private placement, which would garner the company $750,000 in working capital.
Each unit equals one common share and one-half non-transferable common share purchase warrant. Each whole warrant entitles the bearer to purchase one common share at $0.10 within a year of issue.
Based in Vancouver, Fireswirl produces interactive multimedia marketing solutions, including augmented and virtual reality applications for real estate and sports campaigns.
Every Friday, Next Reality reviews the latest headlines from the financial side of augmented and mixed reality. This weekly Market Reality column covers funding announcements, mergers and acquisitions, market analysis, and the like. Check out previous editions of Market Reality for more news you may have missed.