How virtual reality in 2016 prepares us for the Internet of experiences

Some exciting news for virtual reality: Data from VBProfiles shows that last quarter saw the largest amount of investments in the landscape in the last five quarters.

Compared to the same period of time last year, the budding industry has seen four additional investments and almost $588M more in funding — an increase of over 120 percent. While the total number of investments has decreased, with only 19 investments in Q1 2016 as compared a high of 32 in Q2 2015, the total amount of funding has skyrocketed, with more than $1 billion invested — mostly in Magic Leap and MindMaze.