Latest Extended Reality News

Vection Technologies has won a $7.2 million extension to its existing defence contract with a European client, reinforcing its role in a multi-year digital transformation program backed by a $19 million budget through FY29.

Vection Technologies has secured $1 million in new AI contracts, including a significant third deal with Area 12 Consulting, boosting their partnership to $3.6 million in just ten weeks.

Vection Technologies has secured a $0.5 million extension order from a new department within an existing Defence customer, opening doors to a $27 million budget pipeline over three years.

Vection Technologies has secured a $0.5 million expansion order under its defence tender, increasing the program’s potential value to $27 million following a successful $4.4 million delivery milestone.

Vection Technologies has landed a $4 million contract with Italy’s Omniacom Group to deploy its AI-integrated extended reality solutions across multiple sectors, marking a milestone in its European expansion.

Vection Technologies has landed a $4.4 million follow-on contract from a top global defence contractor, bringing cumulative orders to around $10 million and setting the stage for a potential $21 million pipeline through 2030.

xReality Group is rapidly transforming its business by focusing on its high-growth Operator XR training platform, while preparing to divest legacy entertainment assets. The company reports record revenue and expanding global reach, particularly in the US defence and law enforcement sectors.

Vection Technologies has landed a $1 million contract to enhance cyber and data protection for national security intelligence, extending its footprint in the defence sector. This deal builds on previous engagements and signals potential for further growth.

Vection Technologies has partnered with Laerdal Italia to integrate XR and AI solutions into healthcare simulation, aiming to generate $1.7 million in revenue over three years and expand across Europe.

Vection Technologies has secured a strategic partnership with Area 12 Consulting, guaranteeing $0.5 million in annual recurring revenue for its Algho AI platform. This deal marks a significant step in expanding Vection's footprint in the generative AI and digital transformation space.

Vection Technologies has landed a $1.2 million grant to lead an innovative XR and AI digital twin project aimed at transforming real-time product intelligence in food and beverage manufacturing.

Vection Technologies has successfully raised $3.55 million, exceeding its initial $2 million target, following a robust Q3 FY25 performance marked by a 92% increase in cash receipts and a significant boost in recurring revenue.