![]() While the AR/VR investments saw a drop in Q1 2020, later in the year, investors continued to show their belief in AR startups despite the pandemicMagic Leap raised a $350 million lifeline in May 2020 right at the peak of the pandemic. More funding raised by AR/VR companies: For any industry to flourish, it needs funds.With increased availability and enhanced technology, AR numbers should spike in the coming years. Google’s ARCore, with its fairly good improvements, is making the technology available to a vast segment of the audience, as Android has more user base than iOS worldwide. ![]() Apple is also set to enter the smart glasses market by 2022, which will be a game-changer for the industry. This allows Apple’s ARKit developers to tap into the power of the latest iPhones’ LiDAR hardware. Apple’s latest ARkit 4.0 now includes location anchors, improved depth API, and better face-tracking.
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