Yahoo Japan has invested an undisclosed amount of money in The Venture Reality Fund, which is focused on making investments in virtual reality, augmented reality, and mixed reality.
The two firms also aim to accelerate growth in the AR and VR industries. Yahoo! Japan, which has more 90 million daily users for its internet media, joins HP as a big company that wants to make sure it hitches a ride on the AR and VR gravy trains. The combined worldwide market for AR and VR is expected to exceed $143 billion by 2020, an annual growth rate of 198 percent from 2015, according to market researcher IDC.
The VR Fund is one of the most active and experienced venture investors in the sector, and it has raised an estimated $50 million for its fund for early-stage startups.
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