What are the most valued startups in the XR market?

Last updated: 9 June 2026

Download our beautiful pitch about the XR market

market research pitch 2026 statistics XR market

In our XR market deck, you will find everything you need to understand the market

The XR market is moving fast, with AI glasses, AR eyewear, medical visualization, VR training, and immersive entertainment companies competing for investor attention.

Because new rounds, acquisitions, and valuation signals appear regularly, we update this list every month to keep the ranking useful.

This page gives you a practical view of the most valuable XR startups today, ranked by their latest reported or estimated valuation.

And if you want to better understand this new industry, you can download our pitch covering the XR market.

A quick summary table

Metric Value
Most valuable XR startup Sesame, with an estimated valuation of $1.7B–$3.1B
Second most valuable XR startup XPANCEO, valued at $1.4B
Median XR startup valuation About $65M
Share of XR valuation captured by the top 10 About 59%
Top XR startup valuation vs. median About 37x higher
Median XR valuation-to-capital-raised ratio About 3.1x
XR startups valued at $1B+ 7 startups
Market map chart showing top companies and startups in the XR market

This market map, featured in our XR market deck, highlights top companies and startups in the XR market

Top startups in the XR market ranked by valuation

Here is an updated table that ranks the top startups in the XR market based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the XR market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Sesame AI smart-glasses assistant $1.7B–$3.1B Strong Confidence Implied Valuation from Raise Implied $298M Strong Confidence
2 XPANCEO Smart contact lenses $1.4B Full Confidence Announced Private Round Valuation Observed $290M Full Confidence
3 Magic Leap Enterprise AR headsets $1.0B–$1.6B Partial Confidence Proxy-Based Estimate Estimated $3.5B Strong Confidence
4 RayNeo Consumer AR smart glasses $0.9B–$1.7B Strong Confidence Implied Valuation from Raise Implied $165M Partial Confidence
5 XREAL Consumer AR glasses $1.0B–$1.3B Strong Confidence Announced Private Round Valuation Observed $433M Strong Confidence
6 Rokid AI AR glasses $1.0B–$1.2B Partial Confidence IPO or Listing Range Valuation Estimated $512M Partial Confidence
7 VITURE XR display glasses $700M–$1.2B Partial Confidence Implied Valuation from Raise Implied $222M Strong Confidence
8 Osso VR VR surgical training platform $350M–$600M Partial Confidence Implied Valuation from Raise Implied $109M Full Confidence
9 Sandbox VR Location-based VR venues $350M–$550M Partial Confidence Revenue or ARR Multiple Estimate Estimated $108M Partial Confidence
10 Proprio AI surgical visualization $300M–$500M Partial Confidence Implied Valuation from Raise Implied $74M Strong Confidence
11 Mojo Vision Micro-LED displays $320M–$420M Partial Confidence Implied Valuation from Raise Implied $343M Strong Confidence
12 VRChat Social VR world platform $250M–$450M Partial Confidence Revenue or ARR Multiple Estimate Estimated $95M Strong Confidence
13 Augmedics AR spine surgical navigation $250M–$450M Low Confidence Proxy-Based Estimate Estimated $146M Strong Confidence
14 Varjo Enterprise XR headsets $240M–$320M Partial Confidence Comparables-Based Estimate Estimated $149M Strong Confidence
15 Augmodo Spatial AI retail wearables $190M–$310M Partial Confidence Implied Valuation from Raise Implied $43M Full Confidence
16 IXI Autofocus adaptive eyewear $180M–$300M Strong Confidence Implied Valuation from Raise Implied $41M Strong Confidence
17 Neurable Everyday BCI wearables $175M–$290M Partial Confidence Implied Valuation from Raise Implied $56M Partial Confidence
18 Immersed VR workspaces and Visor $170M–$260M Low Confidence Active Raise Valuation Estimated $12M Low Confidence
19 TRANSFR VR workforce training $160M–$260M Partial Confidence Revenue or ARR Multiple Estimate Estimated $90M Strong Confidence
20 XYZ Reality AR construction delivery $140M–$230M Partial Confidence Revenue or ARR Multiple Estimate Estimated $35M Full Confidence
21 Avegant Light-field displays $150M–$210M Partial Confidence Announced Private Round Valuation Estimated $94M Partial Confidence
22 TechSee Visual AI customer support $120M–$220M Partial Confidence Revenue or ARR Multiple Estimate Estimated $54M Full Confidence
23 FundamentalVR Haptic VR surgical simulation $120M–$220M Partial Confidence Implied Valuation from Raise Implied $27M Strong Confidence
24 Interplay Learning VR skilled-trades training $120M–$220M Partial Confidence Revenue or ARR Multiple Estimate Estimated $47M Strong Confidence
25 MediView XR AR surgical imaging navigation $120M–$200M Strong Confidence Implied Valuation from Raise Implied $24M Full Confidence
26 Pixee Medical AR orthopedic surgery guidance $110M–$190M Partial Confidence Implied Valuation from Raise Implied $17M Full Confidence
27 STRIVR Enterprise VR training $110M–$190M Partial Confidence Revenue or ARR Multiple Estimate Estimated $86M Full Confidence
28 RealWear Industrial assisted reality $120M–$180M Low Confidence Proxy-Based Estimate Estimated $122M Partial Confidence
29 Medivis AR surgical navigation platform $110M–$180M Partial Confidence Implied Valuation from Raise Implied $22M Strong Confidence
30 HaptX Realistic haptic VR gloves $100M–$180M Partial Confidence Implied Valuation from Raise Estimated $54M Partial Confidence
31 INMO Lightweight AR smart glasses $90M–$180M Partial Confidence Comparables-Based Estimate Estimated $25M Partial Confidence
32 Loft Dynamics VR aviation simulator training $120M–$150M Strong Confidence Implied Valuation from Raise Implied $20M Full Confidence
33 Resolution Games VR game developer $100M–$160M Partial Confidence Revenue or ARR Multiple Estimate Estimated $39M Full Confidence
34 Pimax Wide-FOV VR headsets $90M–$160M Partial Confidence Implied Valuation from Raise Implied $83M Partial Confidence
35 Mursion VR workplace simulations $90M–$150M Partial Confidence Revenue or ARR Multiple Estimate Estimated $41M Partial Confidence
36 Bigscreen Social VR cinema platform $80M–$150M Partial Confidence Revenue or ARR Multiple Estimate Estimated $14M Full Confidence
37 XRSpace Social VR metaverse platform $80M–$150M Partial Confidence Implied Valuation from Raise Estimated $40M Partial Confidence
38 nDreams VR games developer-publisher $110M Full Confidence Acquisition Value Observed $47M Strong Confidence
39 Survios VR game studio $70M–$120M Partial Confidence Revenue or ARR Multiple Estimate Estimated $71M Partial Confidence
40 Holo-Light XR pixel streaming $75M–$115M Partial Confidence Implied Valuation from Raise Implied $33M Partial Confidence
41 ArborXR XR device management $65M–$95M Strong Confidence Implied Valuation from Raise Implied $25M Partial Confidence
42 Emerge Bare-hand immersive touch $50M–$100M Partial Confidence Implied Valuation from Raise Estimated $31M Strong Confidence
43 Upskill Enterprise AR work platform $50M–$100M Low Confidence Acquisition Value Estimated $53M Partial Confidence
44 Zero Latency Free-roam VR venues $45M–$95M Low Confidence Proxy-Based Estimate Estimated $6M Partial Confidence
45 frontline.io Industrial XR digital twins $55M–$85M Strong Confidence Implied Valuation from Raise Implied $10M Full Confidence
46 XRHealth XR virtual healthcare clinics $45M–$90M Partial Confidence Implied Valuation from Raise Implied $27M Partial Confidence
47 Safe Dynamics VR safety training systems $35M–$100M Low Confidence IPO or Listing Range Valuation Estimated $7M Low Confidence
48 SideQuest VR app distribution $50M–$85M Partial Confidence Implied Valuation from Raise Implied $16M Full Confidence
49 Ultraleap Hand tracking and haptics $40M–$90M Partial Confidence Acquisition Value Estimated $166M Strong Confidence
50 bHaptics XR haptic wearables $45M–$85M Partial Confidence Implied Valuation from Raise Implied $15M Partial Confidence
51 Campfire Holographic design collaboration $40M–$80M Partial Confidence Proxy-Based Estimate Estimated $8M Strong Confidence
52 Dreamscape Immersive Immersive VR attractions $35M–$75M Low Confidence Revenue or ARR Multiple Estimate Estimated $72M Partial Confidence
53 Scope AR Enterprise AR work instructions $30M–$75M Low Confidence Comparables-Based Estimate Estimated $12M Full Confidence
54 AmazeVR VR concert platform $35M–$70M Partial Confidence Revenue or ARR Multiple Estimate Estimated $49M Strong Confidence
55 Alta Multiplayer VR RPG studio $40M–$70M Partial Confidence Announced Private Round Valuation Implied $12M Full Confidence
56 Taqtile AR frontline work instructions $35M–$75M Low Confidence Comparables-Based Estimate Estimated $8M Partial Confidence
57 Strolll AR neurorehabilitation software $45M–$60M Strong Confidence Announced Private Round Valuation Observed $16M Partial Confidence
58 SentiAR AR cardiac visualization $35M–$65M Partial Confidence Implied Valuation from Raise Implied $17M Partial Confidence
59 LIV Mixed-reality streaming $35M–$60M Partial Confidence Implied Valuation from Raise Implied $12M Partial Confidence
60 Polyarc VR game studio $35M–$60M Partial Confidence Implied Valuation from Raise Implied $18M Strong Confidence
61 ShapesXR XR design collaboration $35M–$55M Partial Confidence Implied Valuation from Raise Implied $9M Full Confidence
62 Wave Virtual concert platform $25M–$65M Low Confidence Proxy-Based Estimate Estimated $43M Partial Confidence
63 TRIPP XR wellness app $30M–$55M Partial Confidence Revenue or ARR Multiple Estimate Estimated $26M Strong Confidence
64 VRAI Simulation training analytics $30M–$50M Partial Confidence Implied Valuation from Raise Implied $10M Partial Confidence
65 Aircards Immersive brand experience studio $27M–$50M Partial Confidence Implied Valuation from Raise Implied $4M Full Confidence
66 Tilt Five Tabletop AR gaming system $30M–$45M Partial Confidence Comparables-Based Estimate Estimated $21M Partial Confidence
67 VoxelSensors Low-power 3D sensors $25M–$50M Partial Confidence Implied Valuation from Raise Estimated $10M Strong Confidence
68 Fast Travel Games VR games publisher $25M–$45M Partial Confidence Implied Valuation from Raise Implied $10M Full Confidence
69 PrecisionOS VR surgical training $25M–$45M Low Confidence Revenue or ARR Multiple Estimate Estimated $2M Strong Confidence
70 Talespin XR immersive learning $25M–$45M Partial Confidence Acquisition Value Estimated $40M Strong Confidence
71 ImmersiveTouch Surgical XR planning platform $20M–$45M Low Confidence Acquisition Value Estimated $1M Partial Confidence
72 Immertec Immersive surgical training $22M–$40M Low Confidence Comparables-Based Estimate Estimated $12M Partial Confidence
73 SenseGlove XR haptic gloves $20M–$40M Partial Confidence Implied Valuation from Raise Implied $6M Partial Confidence
74 Brilliant Labs Open-source AI glasses $20M–$40M Low Confidence Implied Valuation from Raise Implied $6M Partial Confidence
75 Virti AI immersive training $20M–$40M Low Confidence Implied Valuation from Raise Estimated $10M Partial Confidence
76 Thirdverse XR game studio $20M–$40M Low Confidence Implied Valuation from Raise Implied $42M Partial Confidence
77 CUREosity VR rehabilitation therapy $20M–$35M Partial Confidence Revenue or ARR Multiple Estimate Estimated $9M Strong Confidence
78 Felix & Paul Studios Cinematic VR storytelling $18M–$35M Low Confidence Comparables-Based Estimate Estimated $7M Full Confidence
79 Arthur VR collaboration workspace $18M–$35M Low Confidence Comparables-Based Estimate Estimated $6M Strong Confidence
80 Manus XR motion-capture gloves $15M–$35M Low Confidence Proxy-Based Estimate Estimated $3M Low Confidence
81 Rendever VR senior-care wellness $18M–$30M Partial Confidence Revenue or ARR Multiple Estimate Estimated $4M Low Confidence
82 ForeVR Games Casual VR sports games $15M–$30M Low Confidence Revenue or ARR Multiple Estimate Estimated $19M Strong Confidence
83 The Wild XR AEC collaboration $10M–$30M Low Confidence Acquisition Value Estimated $3M Low Confidence
84 Almer Technologies Industrial AR smart glasses $12M–$24M Partial Confidence Acquisition Value Estimated $12M Partial Confidence
85 Emteq Emotion-sensing smart eyewear $10M–$25M Low Confidence Proxy-Based Estimate Estimated $3M Low Confidence
86 Mira Lightweight AR headsets $10M–$25M Low Confidence Acquisition Value Estimated $17M Partial Confidence
87 Nanome VR molecular design $12M–$22M Low Confidence Revenue or ARR Multiple Estimate Estimated $3M Partial Confidence
88 Condense 3D live-event streaming $12M–$22M Partial Confidence Implied Valuation from Raise Implied $6M Partial Confidence
89 Bodyswaps VR soft-skills training $10M–$18M Partial Confidence Revenue or ARR Multiple Estimate Estimated $1M Partial Confidence
90 Sense Arena VR sports training $9M–$18M Low Confidence Comparables-Based Estimate Estimated $3M Partial Confidence
91 ManageXR XR device management $9M–$16M Partial Confidence Revenue or ARR Multiple Estimate Estimated $4M Full Confidence
92 VictoryXR Immersive education metaversities $8M–$15M Low Confidence Implied Valuation from Raise Estimated $3M Partial Confidence
93 XR Games VR game studio $7M–$16M Low Confidence Proxy-Based Estimate Estimated $14M Partial Confidence
94 RETìníZE VR animation software $8M–$14M Partial Confidence Implied Valuation from Raise Implied $4M Strong Confidence
95 Glue VR collaboration platform $5M–$15M Low Confidence Acquisition Value Estimated $4M Partial Confidence
96 Rec Room Social VR gaming $0M–$10M Partial Confidence Proxy-Based Estimate Estimated $294M Strong Confidence
97 Lynx Mixed-reality headsets $0M–$5M Low Confidence Proxy-Based Estimate Estimated $7M Strong Confidence
Chart comparing the 2026 size of the XR market with other markets of similar size

This chart, featured in our XR market deck, compares the 2026 size of the XR market with other markets of similar size

Key valuation trends in the XR market

Insights

  • XR startup value is highly concentrated. The top 10 companies represent about 59% of the full ranking’s estimated value, which shows how much the market depends on a small set of category leaders.
  • AI glasses, AR glasses, and smart lenses dominate the top of the XR market. Sesame, XPANCEO, RayNeo, XREAL, Rokid, and VITURE together represent more than $8B of estimated value.
  • Medical and surgical XR is one of the strongest specialist clusters. Osso VR, Proprio, Augmedics, MediView XR, Pixee Medical, Medivis, and related companies show that healthcare can support serious XR valuations.
  • Some smaller XR startups show very strong capital efficiency. frontline.io, IXI, Loft Dynamics, MediView XR, and Pixee Medical all sit far above the market median on valuation compared with total funding raised.
  • Consumer social VR and gaming companies are valuable, but the ranking suggests a ceiling below the leading eyewear companies. VRChat, Resolution Games, nDreams, Survios, Bigscreen, and Polyarc remain meaningful but smaller.
  • The median XR startup in this ranking is valued at about $65M, which is far below Sesame’s estimated midpoint of $2.4B. This gap shows how unequal value creation has become in XR.
Chart showing XREAL’s strategy in the XR market

This chart, featured in our XR market deck, looks at XREAL’s strategy in XR

A few word about our methodology

As you can see, we built a database that ranks startups in the XR market based on their current valuation.

Estimating startup valuations is not always straightforward. Many XR companies do not publicly disclose their valuation, and the available information can vary widely depending on the company and its stage.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed companies, or official acquisition prices.

When an XR startup is publicly listed, we use its current market capitalization as the reference valuation.

If an XR company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When an XR startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, or customer traction, combined with valuation multiples from comparable companies in the same market.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, product traction, enterprise adoption, headset shipments, clinical adoption, or consumer usage.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each XR startup in the ranking is assigned a confidence level based on the reliability, recency, and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

This reflects how we conduct all our research, including the work behind our report covering the XR market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing the projected CAGR of the XR market

This chart, featured in our XR market deck, illustrates yearly funding for XR startups

Related blog posts

- The most recent news in the XR market

- The most recent funding news in the XR market

- What has changed recently in the XR market?

- The evolution of funding activity in the XR market

- The main fundraising trends in the XR market

- How big is the XR market in reality?

- The full range of business models in the XR market

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