AR/VR startups raised $3 billion funding in 2017
Technology companies working with augmented reality (AR) and virtual reality (VR) raised over $3 billion in venture funding in 2017, according to analytics firm Digi-Capital. While Magic Leap and Improbable each raised $500 million, startups Unity and Niantic raised $400 million and $200 million respectively. The year also saw a rise in mobile-based AR with Apple's ARKit and Google's ARCore.