The virtual reality (VR) industry navigates through a phase of growth and diversification, marked by the emergence of new virtual reality companies. These entities extend the boundaries of immersive digital experiences, offering solutions that cater to industries such as gaming, education, healthcare, and more. This exploration into the VR sector shows the developments enhancing user engagement and opening up new realms of virtual exploration.
Continue reading to gain up-to-date and data-driven insights on:
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the virtual reality industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Virtual Reality Trends: The latest virtual reality trends include eye & gesture tracking, haptics, cloud-based VR processing, biometric feedback, and high-fidelity display & audio.
- Virtual Reality Industry Stats: The global virtual reality industry encompasses 35K+ organizations and has a workforce of 1.6 million individuals. It is experiencing a 5.46% annual growth rate and has seen the emergence of 8K+ new virtual reality companies in the past 5 years.
- List of Virtual Reality Companies (Top 10):
- Raytracer – Human and Machine Teaming
- AMYGDALA – Brain-Computer Interface (BCI)
- Specto Medical – Surgical Visualization
- AdagioVR – Mental Well-being Programs
- Kaleidoscope XR – Dementia Training
- Jump into Reality – Interior Space Design
- Sensiball VR – Football Training
- VIRED – Dental Training
- Maya VR – Wound Care and Emotion Management
- Digital Bites – Food Product Development
Explore 10 out of 8K+ New Virtual Reality Companies
This segment highlights the top 10 VR companies enhancing immersive digital experiences. From creating interactive gaming environments to developing VR for educational and training purposes, these top VR companies address the current industry demands. Their contributions push the boundaries of virtual spaces, offering insights into the evolving landscape of VR technology.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Raytracer
- Founding Year: 2019
- Employee Range: 2-10
- Location: Australia
- Signal Strength: Medium
- What they do: Raytracer builds VR-enabled training environments for space missions. Its Titan Lake is an underwater VR simulation solution for astronaut training under neutral buoyancy conditions. The company’s other technology, Carbon, combines robotics, spatial computing (VR/AR), and AI to develop a command and control infrastructure for future space missions and remote operations. These solutions benefit industries related to space, underwater training, and asset management.
2. AMYGDALA
- Founding Year: 2022
- Employee Range: 2-10
- Location: Israel
- Signal Strength: Very Strong
- What they do: AMYGDALA develops brain-computer interface technology focused on mental health treatments. It leverages a closed-loop brain-computer interface and VR technology to foster new brain connections. The company’s technology also includes deep learning algorithms for brain activity analysis, leading to personalized mental health treatments. Additionally, AMYGDALA adopts a network-based approach for brain function analysis to deliver an understanding of mental health conditions and more effective patient care. The company addresses mental health disorders such as post-traumatic stress disorder (PTSD), depression, and anxiety.
3. Specto Medical
- Founding Year: 2022
- Employee Range: 11-50
- Location: Switzerland
- Signal Strength: Medium Strong
- What they do: Specto Medical develops VR software for surgical visualization. It offers immersive, patient-specific visualizations of medical scans for enhanced spatial understanding in complex surgical cases. The software also converts scans into 3D visualizations, featuring filters for tissue visualization based on clinical needs. Further, it delivers holograms tailored for intricate cases, allowing medical staff to improve surgical planning.
4. AdagioVR
- Founding Year: 2021
- Employee Range: 2-10
- Location: UK
- Signal Strength: Medium
- What they do: AdagioVR delivers a dynamic mobile app and a VR program to enhance the mental well-being of patients. The mobile app identifies well-being issues and emotional triggers and guides to confront and overcome various challenges. It assists in achieving emotional freedom and enhances productivity by addressing past issues. AdagioVR thus caters to managing stress and anxiety, increasing confidence, as well as overcoming fears and phobias.
5. Kaleidoscope XR
- Founding Year: 2021
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Strong
- What they do: Kaleidoscope XR creates a multi-user platform, Caregiver VR, that enables live interaction within virtual environments, catering to dementia training needs. It facilitates live role-playing simulations in virtual classrooms, where participants alternate roles between caregiver and resident. Further, it includes simulations of dementia symptoms, such as visual and auditory hallucinations. This way, it allows trainees to experience the perspective of someone with dementia and practice communication strategies. Caregiver VR allows practicing behavioral de-escalation techniques and recognizing symptoms and signs to make informed decisions on care.
6. Jump into Reality
- Founding Year: 2020
- Employee Range: 2-10
- Location: Spain
- Signal Strength: Very Strong
- What they do: Jump into Reality develops Jump into Design, a design software that integrates VR to facilitate the creation of 3D interior spaces. The software enables interior designers to either upload a floorplan or start designing from scratch, supporting work in 2D and 3D formats. Also, it includes immersive technology for a spatial experience, enabling users to walk through their designs.
7. Sensiball VR
- Founding Year: 2019
- Employee Range: 11-50
- Location: Turkey
- Signal Strength: Very Strong
- What they do: Sensiball VR offers VR training solutions that enhance the technical and cognitive skills of football players. The company tailors training plans and scenarios based on individual tests, offering targeted exercises. This structured approach aids players in advancing their capabilities toward becoming elite football players. The solution tracks the progress of the player, assists in identifying errors, and maximizes player performance.
8. VIRED
- Founding Year: 2019
- Employee Range: 2-10
- Location: Greece
- Signal Strength: Medium
- What they do: VIRED provides VR dental training simulations through its OramaVR Technology, which utilizes its MAGES software platform for medical training and assessment. The platform’s features include tracking and monitoring user actions and offering event-tracking analysis for each gamified operation. Also, it incorporates an educational curriculum into the simulation to enhance learning new techniques and practices. Thus, it benefits academic institutions, private dental firms, organizations, and professionals seeking continuous education in dentistry.
9. Maya VR
- Founding Year: 2020
- Employee Range: 2-10
- Location: Netherlands
- Signal Strength: Medium
- What they do: Maya VR offers a VR platform to provide educational, therapeutic, and entertainment experiences. The service offers four categories: art & culture, city trips, nature, and active experiences, catering to various interests. With MayaHome, residents and staff of healthcare facilities virtually visit their favorite cities or museums at their convenience. This approach to VR streaming prioritizes accessibility and user choice, providing a diverse range of virtual experiences.
10. Digital Bites
- Founding Year: 2022
- Employee Range: 2-10
- Location: Greece
- Signal Strength: Medium Strong
- What they do: Digital Bites streamlines the product development process in the food industry with its VR platform. The company’s solution allows food businesses to import new product designs (NPD) and competitor information. Then, it enables picking up an existing VR experiment or creating custom ones to run immersive experiments with target audience samples. Further, the solution’s AI algorithm analyzes the collected data to provide detailed reports and actionable insights. It provides a faster way to validate food concepts. Additionally, it allows marketing teams to test consumer reactions to new products. It also assists the R&D departments to make data-driven decisions on product features, and consumer insights experts to identify market opportunities.
Quickly Find New Virtual Reality Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new virtual reality companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying virtual reality innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the virtual reality industry. The platform keeps you informed with near real-time updates on emerging virtual reality tech companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the virtual reality sector, such as safety solutions, football training programs, or medical wellbeing programs. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Explore All New Virtual Reality Companies!
This overview highlights just a few virtual reality solutions of all 8K+ new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview.
