Virtual and Augmented Reality Have $1 Billion Year

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A new report from Digi-Capital reveals that the virtual reality and augmented reality industries have had over $1 billion funneled into it this year.

Writes VideoInk, "Digi-Capital’s report, which examines trends in VR and AR investment over the last year and the last decade, ties much of that growth to two key watershed events. The first is the high profile acquisition of industry leader Occulus by social networking giant Facebook. The second is the $542 million funding of augmented reality start-up MagicLeap in a round lead by Google."