Virtual Reality (VR) is a digitally produced experience that simulates a three-dimensional environment in the real world.The global virtual reality market size was valued at USD 21.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Considering this, we present to you Top 10 Virtual Reality Startups Worldwide.

  1. Ready Player Me

Ready Player Me develops a cross-game avatar platform for the metaverse. 

  • Total Funding- USD 72.6 million
  • Founding Date- 2014
  • Founders – Haver Järveoja, Kaspar Tiri, Rainer Selvet, Timmu Tõke
  • Based in – Estonia

The company is a developer of 3D printing and scanning platforms for virtual reality and games. Its platform offers 3D printing of human sculptures leveraging ultrasound data.

 It creates models of bones and organs for surgical planning and uses in games and virtual reality. Besides, it helps developers to integrate 3D models into existing games, game engines, or VR applications.

  1. AmazeVR

AmazeVR is a virtual concert platform for VR content creation and mass distribution using proprietary technologies.

  • Total Funding – USD 47.8 million
  • Founding Date- July 2015
  • Founders – JB Lee, Jeremy Nam, Steve Lee, Steven Koo
  • Based in – The United States of America 

The company provides an end-to-end solution for a radical new way to experience immersive music content with their proprietary technologies—from ultra-high-resolution custom cameras to cloud-based creation tools to intuitive social interactions with friends as avatars. 

  1. VUZ

VUZ is a social app that allows users to stream and experience XR and the Metaverse.

  • Total Funding- USD 31.3 million
  • Founding Date- 2017
  • Founders – Khaled Zaatarah
  • Based in – Los Angeles, U.S.A

VUZ is a social app that allows users to stream and experience XR and Metaverse digital experiences with a new level of immersive realism. It bridges the physical and virtual worlds to provide the world’s largest premium immersive content library, with over 20,000 hours of immersive content covering entertainment, creators, and sports segments, as well as XR, VR, and AR experiences from virtually anywhere in the world.

  1. FundamentalVR

FundamentalVR delivers VR haptic ‘flight simulators’ for surgery, creating a safe, measurable, and repeatable space to refine skills.

  • Total Funding- USD 29.6 million
  • Founding Date – 2012
  • Founders- Chris Scattergood, Richard Vincent
  • Based in – United Kingdom

FundamentalVR has been working with leading pharmaceutical companies to combine virtual and mixed reality with haptic feedback using their ‘FeelRealVR platform to create simulated surgical procedures to help educate and train healthcare professionals.

The company works at the nexus of haptics, machine learning, and immersive technologies (XR).

  1. Sidequest

Sidequest is a community-driven app store for virtual reality.

  • Total Funding – USD 15.6 million
  • Founding Date- 2019
  • Founders- Orla Harris, Shane Harris
  • Based in – United Kingdom

SideQuest is a place to get more apps for Oculus Quest. It is an entirely safe way to enjoy some cutting-edge content in VR and expand the capability of the user’s standalone VR headset. SideQuest is entirely free for users and developers and always will be. The company is committed to supporting the VR industry.

  1. Holoride

Holoride is a company turning vehicles into moving theme parks by synching XR with vehicle movement and navigation data.

  • Total Funding- USD 12 million
  • Founding Date- 2018
  • Founders – Daniel Profendiner, Marcus Kühne, Nils Wollny
  • Based in – Munich, Germany

Holoride is a developer of in-car VR systems for the automotive industry.

It creates an entirely new media category for passengers by connecting Extended Reality (XR) content with data points from the vehicle in real time. These data points include physical feedback, like acceleration and steering, traffic data, as well as travel route and time.

  1. Ambr

Ambr is a virtual world that users can access through a VR device and play in various virtual spaces with other users.

  • Total Funding- USD 8.4 million
  • Founding Date – Aug 2018
  • Founders Takuya Nishimura
  • Based in – Harayana, India

Users can access Ambr as an avatar. There are different avatars in the Ambr world, such as warriors, wizards, animals, and monsters. New avatars can also be acquired within Ambr. Users can explore and enjoy different virtual spaces that do not exist in the real world, such as Skyland, cyberspace, and toontown. It also has mini-games that allow users to play together. The company is headquartered in Japan.

  1. VRAI

VRAI is a virtual reality company based in Dublin, Ireland.

  • Total Funding- EUR 5.2 million
  • Founding Date – 2016
  • Founder- Niall Campion
  • Based in – Dublin, Ireland

The company deals with content creation specializing in virtual reality production. It operates as a visual storyteller embracing the new medium to create immersive, engaging content.

Their pioneering methodology takes elements from our diverse backgrounds. VRAI leverages techniques from narrative cinema, visual effects, exhibition design, gaming, and brand management and combines them in new exciting ways to help users tell a story.

  1. ImaCreate

ImaCreate provides planning, development and operation of VR / AR / MR system.

  • Total Funding- YEN 180 million
  • Founding Date- 2019
  • Founders- Akihiro Yamamoto
  • Based in – Tokyo, Japan

The company deals with the development of training that utilizes virtual technology in the industrial and medical fields. Instead of “viewing VR”, such as 360-degree videos, the company deals with “doing VR” that uses body-like reality in a virtual space. The company earlier raised YEN 180 million in Series A this year.


IMAGINATE is an AR- and VR-based technology enterprise that offers innovative visualization products and services.

  • Total Funding- USD 512.3 K
  • Founding Date- 2011
  • Founders- Hemanth Satyanarayana, Jean Mathews
  • Based in -Hyderabad, India 

Imaginate is a world-renowned augmented reality (AR) and virtual reality (VR) based technology enterprise. The company provides innovative visualization products and services that enhance the reality consumer experience. Through their strong and proven expertise, the company also offers custom services in experiential solutions in the fields of retail, defence, entertainment and healthcare sectors.

The startups have been ranked in accordance with the funds raised so far. They have come into existence after 2011. Startups from different countries are included in the article in order to provide diversified information.

To explore such startups, visit Zefyron Startup Database

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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