XVERSE Funding, Investors & Competitors

Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta’s overall sales.

BOE Technology Group Co Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following business segments: Display business, Internet of Things (IoT) innovation business, Sensor business, MLED business, Smart medicine and engineering business, and Others. A majority of its revenue is generated from the Display business segment, which integrates design and manufacturing of display devices and offers TFT-LCD, AMOLED, Microdisplay, and other intelligent interface devices. This business focuses on providing high-quality smartphones, tablet PCs, laptops, monitors, TVs, vehicles, VR/AR, and other display devices for customers. Geographically, the group generates maximum revenue from Mainland China, followed by other regions.

Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC, and other Americas, and key revenue is derived from the EMEA region. Its products are used in the gaming industry, retail, automotive, architecture, engineering, and construction.

Snap Inc. is a publicly listed United States technology company founded in 2012 and headquartered in Santa Monica, California. Its principal product is Snapchat, a visual messaging and social-media application supported mainly by advertising revenue. The company also develops augmented-reality software, camera technology and Spectacles hardware. Snap launched the Yellow Accelerator in 2018 as an in-house programme for creative and technology startups. Selected companies received capital, mentorship and access to Snap teams, and the programme invested USD 150,000 in each company in the reviewed cohorts. Those accelerator investments belong to Snap Inc., not to the unrelated Spanish venture fund that adopted the Yellow name in 2023. Snap remains a separate public operating company and the correct participant for the 26 pre-2023 rows in this packet.

Orbbec Inc is engaged in the design, research and development, production, and sales of 3D visual perception products. It provides high-performance 3D vision sensors and robotics and AI vision solutions to customers in industries such as robotics, 3D scanning, and biometrics, as well as developers, helping emerging industries unlock value and promote the intelligent upgrade of traditional industries. Its product portfolio includes monocular structured light cameras, binocular structured light cameras, LiDAR consumer devices, smart cameras, and others.

Rec Room is a San Francisco-headquartered social VR platform supporting multiplayer games and user-generated worlds on Oculus Quest, PlayStation VR, and PC. Launched in 2016, the service hosts daily events for millions of users across basketball courts, paintball arenas, and custom rooms created with its toolkit.

INMO Glass is a developer of foldable monocular augmented reality glasses such as the INMO Air2 model equipped with 1080p Micro-OLED displays and binocular 6DoF spatial tracking. Shenzhen-headquartered, the company delivers lightweight wearable devices under 80 grams that support navigation overlays, gaming, and video streaming directly from the glasses. INMO Glass integrates waveguide optics for a 45-degree field of view and pairs its hardware with the INMO One app for gesture controls and content management across iOS and Android platforms. The firm expanded its product line to include the Air Glass Pro for enterprise applications like remote collaboration in manufacturing sectors.

Magic Leap is an American technology company that designs augmented reality headsets, optics and software. Its first product, Magic Leap One, shipped in 2018, and it later released the enterprise-focused Magic Leap 2. The company was founded by Rony Abovitz and is headquartered in Plantation, Florida. It raised funding from Google, Alibaba, Qualcomm, AT&T, NTT Docomo and the Public Investment Fund of Saudi Arabia, which became its majority shareholder. Magic Leap shifted from consumer devices to enterprise customers in healthcare, manufacturing and defense, and Ross Rosenberg became chief executive in 2023. It has made a small number of acquisitions of computer vision, software and telepresence startups.

MindMaze is a Lausanne-headquartered digital neurotherapeutics company founded in 2012 with offices in Zürich, Ecublens, Switzerland, and San Francisco. It develops medical-grade virtual reality platforms like MindMotionPRO for neurological rehabilitation, offering personalized VR exercises that enhance motor recovery for stroke and brain injury patients. The technology incorporates 3D motion capture, gesture recognition, augmented reality, brain imaging, and neuroscience for intuitive human-machine interfaces. MindMaze's solutions optimize clinician workflows, support therapy dosing, and extend to gaming and brain-computer control applications.

Spree3D is a New York-headquartered platform transforming fashion retail through interactive 3D garment visualization. Shoppers rotate, zoom, and customize virtual clothing models on e-commerce sites. The technology integrates with platforms like Shopify and BigCommerce, reducing return rates by enabling precise fit previews. Launched in 2020, Spree3D serves brands such as Everlane and ASOS with cloud-based rendering powered by WebGL standards.

Sun Corp is a Japanese company engaged in the business of providing mobile data solutions, gaming content, Online to Online solutions, and Enterprise AR solution. The products of the company include IoT, Global Data Intelligence Division, Game Machine Parts, Game Content, and others.

XPANCEO is a deep tech firm developing smart contact lenses as interfaces for AI-powered XR computing. The invisible, weightless lenses enable XR experiences merging real and digital worlds for social media, content, gaming, health monitoring, night vision, and zoom. Features include privacy and security protocols. Detailed at xpanceo.com.

Even Realities is a San Francisco-headquartered studio developing mixed reality experiences that integrate digital and physical worlds for immersive human interactions. The company creates AR/VR applications for events, education, and entertainment, including spatial audio installations and interactive holograms deployed at festivals like SXSW. Even Realities partners with brands such as Adobe and Meta to prototype experiences using Apple Vision Pro and Oculus hardware. Operating since 2020, the team delivers custom solutions for museums, corporate training, and live performances across the United States and Europe.

Fiture is a China-based home fitness company producing interactive smart fitness mirrors and screens. Beijing-headquartered, it integrates AI coaching, real-time form correction, and thousands of on-demand classes in strength, cardio, and dance. The hardware connects to apps for gamified workouts and community leaderboards.

Genies is a Los Angeles-headquartered avatar platform partnering with Universal Music Group and Warner Music Group as official avatar providers for artists like Justin Bieber. Launched in 2017, it powers 100 million creator avatars via a Snapchat Lens and AR Developer Kit. The Silver Studio app enables digital fashion design and trading on iOS and Android, following a $250 million funding round in 2021 valuing it at $1 billion.

NAVER Z is a South Korean technology company operating ZEPETO, a metaverse platform with over 400 million registered users that enables creation of customizable 3D avatars using facial recognition, AR, and AI technologies. Founded by Naver through its Snow subsidiary and spun off in 2020, the platform allows users to design avatars, explore virtual worlds, create and sell digital fashion items, livestream, and socialize across age, gender, and geographic boundaries.

Scandit is a Zurich-headquartered provider of mobile computer vision software for barcode scanning and augmented reality in enterprise apps. The platform enables text recognition, object detection, and AR overlays on smartphones, wearables, drones, and robots. Used by 7-Eleven for shelf scanning, Alaska Airlines for boarding passes, Carrefour for self-checkout, and Johns Hopkins Hospital for asset tracking. Organizations in retail, logistics, manufacturing, and healthcare integrate Scandit SDKs into apps for inventory, proof-of-delivery, and patient management across 50 countries.

Xreal is a Beijing-headquartered developer of lightweight augmented reality glasses enabling spatial computing for consumers and enterprises. Founded in 2017, its Air and Beam series products feature micro-OLED displays with 1080p per eye resolution and low-latency tracking via dual 3D sensors. Xreal ships millions of units globally and integrates with Android, macOS, and Windows ecosystems for productivity, gaming, and entertainment applications.