More and more investment is taking place in the virtual reality space, triggered by Facebook’s acquisition of Oculus VR for $2 billion. In total, $800 million was invested in VR last year – $540 million of which went to Google-backed Magic Leap, alone. The remainder went to hardware makers.
In the first half of 2015, VR investments totalled $200 million – lower than last year – but the number of investees obtaining the funding exceeded 25.
MIC has found that VR hardware investment this year has moved from content consumption devices – such as head-mounted displays – to content production devices, such as video recorders for capturing VR images. The firm also found that the number of software investees, and amount invested in them, both increased.