The AWE recap is back. We look back at the biggest news in augmented and virtual reality to keep you in the loop.

Augmented Reality

Magic Leap gains ex-Samsung Executive: AR company, Magic Leap, which has funding from the likes of Google, has hired Yannick Pellet, a top executive from Samsung, as senior vice president of software engineering. Previously he was vice president, advanced software platform at Samsung Research America.

InfinityAR raises $5M in Series B: InfinityAR has raised $5 million dollars in series B funds from Japan’s SUN Corporation, New Zealand private investment fund Singulariteam Fund II and US-based fund Platinum Partners Value Aritrage Fund L.P. The funding and new strategic partnership with SUN Corporation will help InfinityAR break into the Japanese market. Atheer’s new Operations and Communications Console brings a sophisticated new level of communications to AiR Smart Glasses, enabling enterprises to manage and oversee communications with their deskless workforce from anywhere.

Atheer update brings communications console and Unity Integration: AR smartglass pioneer, Atheer, released an update to its Atheer AiR OS bringing with it anew Operations and Communications Console which enables enterprises to manage and oversee communications with their deskless workforce from anywhere. In addition, the update brings with it Atheer a plug-in for the Unity 3D Engine.

Virtual Reality

Wearality Sky wants to be your cheap entry-level VR device: A new smartphone-powered VR headset has hit Kickstarter this week offering its VR solution to early backers for as little as $49 with a delivery date of October of this year.

WearVR App Store raises $1.5M: Virtual Reality app store, WearVR has raised $1.5 million dollars from aa group of Atlanta-based investors. The money will be used to help the app store expand and improve its offerings including launching an app to help users find VR software.

Augmented and Virtual Reality To Hit $150 Billion, Disrupting Mobile By 2020: Digi-Capital has released a new report outlining the future of AR and VR over the next few years until 2020,. In it, the company forecasts that AR/VR could hit $150 billion revenue by 2020, with AR taking the lion’s share around $120 billion and VR at $30 billion.

Augmented World Expo (AWE) is the world’s largest conference for professionals focused on making the world more interactive – featuring technologies such as Augmented Reality, Virtual Reality, Wearable Computing, Smart Glasses, Gesture and Sensors devices, and The Internet of Things. Now in our sixth year, AWE 2015 is our biggest event yet with over 3,000 tech professionals, 200 demos, 100+ AWE-inspiring talks and over 150 participating companies. Tickets are on sale now.

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