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Velan Studios has expanded into Canada, opening a new office in Toronto.
Industry veteran and XR specialist Kevin Joyce has launched Evolution Publishing to support indie studios as they navigate the VR gaming landscape. And although he acknowledges that things are tough for VR studios right now, especially following Meta's recent cuts, he thinks the long-term future is much brighter – if studios can get there.
Cheer Games has raised $4.5 million in its pre-seed round.
Online marketplace Pitchify has launched a new service to match developers with suitable publishers.
UK VR specialist nDreams has announced a wide-ranging restructuring that will include a "significant reduction in overall staffing levels" and the closure of two of its internal studios. A consultation process was started with staff today.