VCs invest record $500 million in augmented and virtual reality in Q3

Mainstream venture capitalists pumped up startups in virtual and augmented reality in the third quarter, with a record $2.3 billion invested in the last 12 months, according to tech advisor Digi-Capital.
Tim Merel, managing director of Digi-Capital, said that half a billion dollars was invested in AR/VR startups in the third quarter. That was the ninth consecutive quarter of increased investment in the hot sector, which Digi-Capital estimates could be a $120 billion business by 2020.
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