AR/VR Is Gearing Up For Explosive Growth (2026 Q2 Investor Webinar)

Ajouté : 2026-05-14

[00:00:00]Good morning, good afternoon, good evening. My name is Ryan Yep. I am the head of partnerships here at Immerse.

[00:00:06]Also playing host today. Uh today I'm joined by a few of my colleagues. Josh Kerry Keshu, our head of content, Cliff Champion, our CTO of AI hardware, and of course Renie Bejoy, our founder and CEO. Before we get started, want to let you guys know in case you haven't joined us before, on the bottom right hand part of your screen, there's a questions tab where you can submit questions to our team to answer during our live Q&A session, and we'll do our best to get to as many as possible.

[00:00:38]Today's agenda, we're going to cover uh a few different things. The Immerse overview of the company, a momentum update, where Immerse is headed, and of course, our live Q&A. So, uh, with all that being said, I'm gonna hand off the mic to Renji to get us started.

[00:00:55]>> Well, thanks for joining. Um, like Ryan mentioned, my name is Renji. I am the founder of Immersed. Started it about nine years ago. But before we get into that, uh, just at a high level, um, I know that maybe probably about three4s of you have never really heard the company pitch before, so I'll give you a high level pitch. Um, though probably a quarter of you already know the pitch, but um, yeah. So, we're one of the most used ARVR apps on the planet, specifically focused on virtual offices, and it connects any headset to any laptop. It spawns multiple screens off of your laptop in full resolution. So, you can take your laptop and your headset to your couch or your porch or the airport or hotel room. Um, pretty much anywhere you go, you have your entire workstation with you. And on top of that, you could have your co-workers in there as well. Coders can code together side by side. Designers can whiteboard together. And it's quite literally putting on a pair of glasses and teleporting to the office. And especi especially in a postcoid world um that's an extremely valuable thing to have and that's actually partly why our app became extremely viral in the MetaQuest store uh and now the Appleision pro store and other stores as well. So um before I get deeper on that um background on a few of us so I'm Renji in the top left here um before immersed I was a lead software architect at CNN working on a project for them called greatvixtory.com which grew to three million daily active users within two months. It was a very um exciting project. However, decided to quit that and focus on a PhD in computer vision machine learning from Georgia Tech.

[00:02:18]After about three and a half years, I quit the PhD, decided to sell for the master degree and then started immersed about nine years ago and we went through the tech stars accelerator program. Sort of a direct competitor to Y Combinator.

[00:02:28]Um so this background's here as well. Um maybe Cliff, you want to give 30 seconds on your background?

[00:02:35]>> Sure. So, uh I've been in technology 20 years now. uh originally in the video games industry uh focused on real-time simulation uh and then uh along the way spent some time in uh web 2 as that was becoming a thing um and then had the itch to go back to school uh completed a master's in um computer science specializing in machine learning and AI right at the cusp of deep neural networks really showing their potential and the rest is history uh as we see today. Um after that I spent 10 years working at a company called Zpace uh in the VR space.

[00:03:12]So uh half of that time leading um various engineering efforts and then the other half of that time leading the product platform uh and developer platform and ecosystem. Um and uh as well as uh getting my hands dirty in firmware and guiding some of the hardware design uh as well. Um and then after that um some uh various startups along the way and um been with Immerse now for uh sneaking up on 18 months I'd say and um yeah look forward to be continue to be here and uh lead us into the uh future of of hardware and AI.

[00:03:48]>> Uh thanks thanks Cliff. Uh Ryan and then Josh just a little bit on your backgrounds.

[00:03:52]>> Yeah. Um, I I spent several years selling enterprise software to mechanical engineering and electrical engineering companies. Really folks that build the infrastructure for our entire world. Um, and so this is kind of a natural progression with Immerse selling uh software and then now our hardware.

[00:04:11]>> Hi all, my name is Josh Craishu. I am a head of content here at Emer. So prior to immersed I was actually in several product roles uh in tech working for uh GE and uh Synchrony Financial coming into immersed uh jumped into uh both supporting product but then uh also uh a lot of our marketing and content efforts we've been able to see some viral success with Immerse and Visor over the years and mainly continually to work on uh content and marketing related efforts.

[00:04:42]>> Thanks Josh. Um yeah, so uh I started Immerse about nine years ago. We're [clears throat] closer to about 35ish employees and then a number of contractors. The raise to date is now outdated. We just crossed $30 million raise to date. So super grateful for all of you who have already invested and those of you who are reinvesting. I'm super grateful to just take Immers um and keep growing it to not only be a potential candidate for acquisition by one of the tech giants, but maybe even Lord willing go public someday and become the next tech giant. Um, but again, as I mentioned, Immerse has about a million and a half users across the different platforms that we're on, Meta, Apple, etc. Um, over 2,000 user you 2,000 years of user usage. Um, and like Josh mentioned, we hit over 1.6 billion views across our social media content.

[00:05:21]Um, with zero dollars spent on ads. This is all just based off of organic viral content, not including all of the content that our fans, our users, uh, end up making online themselves. Um, Meta used to have their own app on the Meta Quest store that used to directly compete with the Mer, but as of two months ago, they shut theirs down. Um, and so now we are kind of the lone lone standing leader, not even a close second place at this point. Um, in the space and yeah, super grateful that we get to really experiment on all the different headsets and if anything be the software that unites all the different headsets.

[00:05:52]So again, you can put on a Meta Quest headset, your friend could put on an Apple Vision Pro headset, someone else can put on a visor headset and all three of you can be in the same co-working space together. our we have users in over 190 countries, 10,000 cities across the globe. Um, but this is the most interesting stat that our our power users especially spend way more time in immers than they even spend looking at their smartphone. Most people spend about 20 hours a week on their smartphone. We have users who spend 40 to 60 hours a week every week in headset. Um, but what we realized is kind of these here, let me go back to this picture. Um, if you look at this picture on the right, you you'll see these kind of big bulky brick headsets.

[00:06:25]That's not this that's not the future of where ARVR is headed. That's not how you're going to get hundreds of millions or billions of people into ARVR. In partnership with Qualcomm, we worked on a headset called Visor. And just in the first week, we had over $500,000 worth of pre-orders. Um, and we're targeting about 100,000 Visor sold in its first year, but some of our partners are actually targeting about a million visors sold in the first year. Uh, so super excited about that. Um, I think kind of the main value proposition here is the fact that it's a headset that has, call it maybe 85% 90% of the functionality [clears throat] that something like an Apple Vision Pro headset has, except for instead of two pounds on your head, it's only 6 ounces, which is lighter than your iPhone. It has 2 million more pixels than the Apple Vision Pro as well. So, we're optimized, we've optimized our headset specifically for the work use case. We don't really care as much as sort of, you know, building a headset for the niche VR gaming hobbyist world. We're focusing on the market of everyone who uses a computer for work. Uh, and this headset is about $1,000, not 4,000 like the Apple Vision Pro. Again, sort of the couple of prongs here as a business. The immersed software applications where we started via the hardware is what we're now in the process of scaling to mass production. And then we have the curator AI companion, which really is uh maybe call it sort of the um holy grail of what we're trying to build for AI. What I mean by this is um you know I have chatbt on my phone for example but it only exists on my phone and so I have to give it so much context to be able to even interact with it for it to give me any sort of response. Half the time it still doesn't have enough context so I have to reiterate and give it even more context so so it give me an actual valuable answer. And the goal with curator is to have an AI that can see everything that you see hear everything that you hear everything that you say and just it lives life with you in such a way where you don't ever have to really provide context ever. And if anything, curator instead of being reactive to the prompts that you give it, it can be proactive with the things that you actually need. And so that's the advantage of building our own hardware. You know, Cliff is the CTI, a CTO of our AI hardware, and we're really excited about how the integration of AI and spatial computing is where the future is headed. AI is not, think about this, five years from now, AI is not merely going to be sitting on this uh rectangular brick in my hand. It's going to be something that is immersive, holographic, something that can present things to me. Um, and that's only possible with spatial computing. So um we do have videos on our YouTube channel uh of curator even on Twitter as well.

[00:08:37]So feel free to check that out. We have an initiative around humanoid robotics and we'll talk about that on future webinars but I'll I'll you could even go to our previous webinars. We talked about this more in depth. Um but I'll skip that for now. Um but one thing that's really exciting is all of the tech giants are pouring tens of billions of dollars into this space, tens of millions into ads, and the vast majority of those users are just being funneled to us. And we're super grateful um that the tech giants will continue to spend tens of billions into research and development for future generations of spatial computing. But we're thankful that we get to focus that effort towards a practical use case instead of competing with Xbox and PlayStation on the gaming side. We're focusing on again everyone who uses a computer for work and enhancing the experience that you already have. Um making it just one step easier for you to get into uh spatial computing. Tons of press online. Super excited about that. Um cool. We can we can uh move on to the next section.

[00:09:27]Cool. Thanks, Renji. Um, and to give a momentum update, as Renji said, we recently crossed over 30 million uh raised to date. That's an incredible accomplishment, and we definitely couldn't have done it without you guys.

[00:09:41]Um, and the investor response has been incredible. You know, one of the common themes that we've had in several of the conversations we've had with investors and also users alike has been it's really rare to be able to be given a investment opportunity. uh for a consumer product that people actually love, that they use daily, that um they kind of obsess over and and so we're super grateful for this and we definitely don't take it for granted. Um on the partnership side of things, we are an approved application on both the MetaQuest and Apple uh Vision OS store.

[00:10:18]We were a launch partner for the recently new Samsung and Google headset.

[00:10:23]We also partnered with Qualcomm to uh bring Visor to life using their next generation chipset specifically for XR devices and um we also have local AI support uh for curator um particularly partnered with folks like Qualcomm um for ARM chips and NVIDIA um powered GPUs. uh if you guys don't know, you know, AI obviously has kind of overtaken our world to date and there's a lot of discussion on particularly with corporations and folks that are more privacy focused individuals that really care about protecting their data while having this local AI support uh for curator is really important because it really gives uh consumers the ability to choose which data they actually send to the cloud. and also be able to process locally on their machine while still getting some of the same benefits that they would with Frontier models. Um, and now we want to just kind of move on to industry news. The really the biggest one piece of news recently has been the recent announcement um that Apple's CEO Tim Cook is stepping down later this fall. I just really want to kind of toss this out to the rest of our team to get their initial uh gut reaction and response to this news because this is really big. Apple, you know, for the longest time had the arguably the the largest market cap um amongst, you know, publicly traded companies and so they they have a lot of influence on consumer behavior. So, just want to kind of throw it out to the team. I think Josh, would you like to go first?

[00:12:07]>> Yeah, sure. Um, with Tim Cook stepping down coming up in September, uh, and now, uh, John Turnis taking over that CEO role, it's really signaling a shift, right, from the operationsled leadership of of Tim Cook to more of a hardware and productled leadership, which is more of John Turnis' expertise. And so he actually has experience even prior to Apple at a VR company, Virtual Research Systems, where he was actually previously designing VR headsets, you know, even before Apple. Um, but before a lot of the, you know, the VR industry took off. And so, um, he's he's more recently said that he he believes that we're actually in the early innings of spatial computing. He he loves the Apple Vision Pro as a product and and sees the potential of where that could go. and having a very product focused CEO. It kind of gleans back to the Steve Jobs era where Steve Jobs is a very product focused and product iterating uh CEO. I I do believe that we're going to see a a harder push towards lighter AI wearables, smart glasses, and nextg even uh spatial hardware. Obviously, Apple being a giant in the industry, you know, rising tide raises all ships. And so if they're going to continue to invest in spatial computing, our efforts and and the things that we're building are also going to gain uh that recognition and and notoriety. Um and Reggie, I think you had a few things that you wanted to add to that.

[00:13:29]>> Yeah. Well, I was going to add also like the immersed app um is on the Apple Vision Pro store as well. So every person who purchases the next generations of Apple devices will also be able to download the immersed app and it'll probably be the only app that allows you to connect to your friends and family who are in other headsets. So call us the Zoom of ARVR. Doesn't matter if you have what device you have, all of you could have the same sort of uniform experience in collaboration or even watching movies together, things like that, right? Just being able to share screens remotely. Um, and so, you know, I I've even heard critiques that the new CEO of Apple, John Turnis, he's not like Steve Jobs because he doesn't have a marketing background or other things like that. Uh, and I get that, but also at the same time, he worked under Steve Jobs for 10 years directly under him.

[00:14:08]And that shows that he met Steve Jobs, otherwise he would have been fired a long time ago. Um, and obviously he has added a lot of value at Apple. Um, so I'm really excited about where things are headed for Apple. Um, it helps us acquire more users ourselves. Um, and then also at the same time, it helps more manufacturing companies, uh, more venture capital to enter the space. It gets companies to, um, as far as talking about the manufacturing companies, gets them to pour more R&D budget into manufacturing certain core components that would be helpful for the uh, Apple headsets to be shipped, but also for our future generations of the Visor headset also. Um, so obviously super grateful as more and more of the tech giants join this space. Um, but again like if it were not for the tech giants, immersion wouldn't really be here. I think the uh advantage that we now have is our focus, right? Apple's obviously going to continue shipping iPhones and their MacBooks as their priority. Um, and then maybe sort of a tertiary priority would be the Apple Vision Air or Apple glasses. That's kind of like an Apple Watch on your face. Um, but and then same thing with Meta. They're focused on um their ads platform. They're focused on Instagram reels and things like that.

[00:15:11]They're not really focused on some of the glasses type stuff as deeply. You know, it's not it's not Renji and his team versus Zuckerberg or Tim Cook or now John Turnis. It's Renji and his team versus random project managers at these companies who don't really um they're not really given the time of day from the seuite nearly as much. So, I guess Cliff, any final thoughts? Yeah, my my takeaway similar to Josh's is that uh product matters and product design matters. And it reminds me of the design decisions that went into visor, right?

[00:15:42]Which is how do we make this lighter and more comfortable to wear? How do we make this just look cooler, right? Rather than something that looks bulky and some would say dorky, right? You know, has been the classic VR look, right? Yeah.

[00:15:56]There you go. Um, so, uh, I I I that's my takeaway really is that product product design and product experience matters and Apple knows that it's time to accelerate there and to Renji's point that also means to the ecosystem it comes back to benefit us.

[00:16:12]>> Uh, Josh, did you have any other industry news you want to share?

[00:16:15]>> Uh, yeah, I mean just I think one thing that we did see with the Apple Vision Pro is it validated spatial computing, but not in a good way in a sense like it it it exposed the form factor problem.

[00:16:24]you know, people really did love the experience of the Apple Vision Pro, but um the high price, heavyweight, and comfort limitations is kind of why we saw, you know, the IDC estimating only 45K units shipped in Q4 of 2025. You know, we've seen some of the the uh the scaling back that Meta has done uh with Horizon Worlds and Horizon Workrooms, but uh at the same time, we're seeing this surge in XR shipments. Um and I'll just share a screen real quick. And so, we're seeing this this surge, right?

[00:16:52]44.4% 24% in in 2025 and a lot of that is driven by uh smart glasses. And so we're seeing the market kind of moving towards this lightweight wearable computing. Um and there's this missing gap that we're noticing. I mean what we saw on the immerse side and Reni already pointed it out that we have users who are working a whole work week in in VR.

[00:17:12]The usage is there. People are you know those user were willing to go through the pain of wearing a big bulky headset.

[00:17:16]They saw the utility in being able to use it for their day-to-day. It added value to their lives for the day-to-day.

[00:17:21]Uh, and what we're seeing now is people are gravitating towards this lighter form factor with the these smart glasses and AI smart glasses that are coming out. Meta kind of leading the front there. Yet, there's not a ton of utility there. Glasses and visors, right?

[00:17:33]They're not in the same category at all really. I mean, glasses are like wearing a smartwatch on your face, but with less features. And so, it's not going to add a ton of value to your life in today's world. Everyone is actually trying to look for this this basically this holy grail device. But, we're just we're just not there. We're not at that kind of glasses holy grail device just yet. And so that gap that we're seeing is getting the utility of the larger VR AR headsets, but the lighter form factor uh that is really causing the XR industry to boom, the 44% that we saw last year.

[00:18:02]Um combining those two things is where we're really going to see that opportunity and and and truly is our thesis with with Visor. And so the opportunity is combining that lightweight comfort with full ARVR computing utility. And so, um, we really do see the tide rising across the board and that's where Visor we really believe is going to deliver on that.

[00:18:22]>> Great. Thanks. Uh, moving on to business updates. Cliff, I think you had maybe one or two things you wanted to share.

[00:18:30]>> Yeah, I'll start us off here. So, uh, actually connecting to us on this call from from Asia right now. Um, and that's for two reasons. Uh one is that um as I alluded to before in the ecosystem um as advances are happening everywhere uh and a lot of the supply chains uh are based in Asia um that provides us with opportunity to benefit from the uh the right the tide lifting all boats as Josh described. So um we're out here for a multi-week trip. I'm out here first and we have um confidentially uh an amazing lineup of component designers, manufacturers that um as we look to what would come beyond the visor um some really exciting innovation that that we're planning. Um I'll leave that as kind of a tease there. Um we'll reveal more in the future on that. Um but then uh the second reason is that um though XRVR has if you've been following for uh a number of years now had its had its cycles um something that hasn't really diminished is the um innovation and the interest in XR and VR and AR um especially in Asia. uh and that interest itself means that there are interesting strategic partnerships and potentially even uh sources of additional uh capital to accelerate our efforts even more uh that exist out here. And so um yeah, this month uh has quite a full lineup of I think some very exciting um opportunity here. I'll leave it there.

[00:20:14]>> Yeah. And one thing I want to add is obviously we're super thankful because you know this has been a long journey.

[00:20:20]Um you know for us we've started this again nine years ago and just seeing how much our investors have um been supporting us have been um here I'll share share this slide. Uh they joined us when our valuation was 10 million right our current valuation um after this new price change will be up at 480.

[00:20:41]right now is currently at 440. And we're just thankful that people believe in the fact that um we are a tech startup that not not just any tech startup but a tech startup that is on an extremely audacious journey, extremely big goal.

[00:20:56]We are trying to become the next tech giant, right? It's not just like some sort of AI data analytics something platform. This is something that everyone can relate to the next device after smartphones. And when it comes to other investments, even myself, I I got an email last week that um so I used to angel invest years ago and I decided to stop because all the different angel investments I invested in were just smaller visions than Immersed and I just started just putting my my own money back into Immersed. And I got an email last week that one of the startups I invested in about four or five years ago, they just exited, which is really exciting news. But then I saw that they only managed to 1.6x my money. And so uh because you know the valuation I got in at uh was I think it was like 12 million and then they ended up selling just just above 12 million maybe call it I don't know uh 16 million or something and in the end it was just kind of you know a fiveyear journey for a very small return. Uh obviously we're super grateful for especially for those of you on this um video web call this webinar um who joined you know four or five years ago and by God's grace we've been able to 48x in our valuation since then.

[00:21:58]Um, and at the end of the day, like the the reason why the tech giants are pouring tens of billions of dollars into this space is not because they think it's a $1 billion uh journey or or outcome. They think this is a trillion dollar outcome, right? So even us raising at this current valuation, we're not looking to exit at just a 2x from now at a $1 billion valuation. Um, we're wanting to continue growing immers so we can become not only a unicorn, but a decacorn or centacorn or whatever you want to call it. uh you know 10 billion, hundred billion, a trillion if this really truly becomes the next Facebook or Apple or whatever. And so obviously we're super grateful that um you know all of our friends and family who've put money in this thing, all their other investments maybe have made like 14% or in this case on average 46%. Um but turns out that of all of our investors to date, 99% of them uh who had invested immersed, this is the biggest multiple that they've seen thus far. Uh obviously the journey is still on its way and we haven't exited yet but the um amount of appreciation and the value of their stock obviously we're super grateful for. Um by the way I wanted to go back on uh one more thing that we had discussed earlier. Um this topic that we call the ARVR copy loop. I mentioned it on a couple of different previous webinars but um the reason why what I is working on is so unique is because we have an actual direction. we're solving a problem that we want to solve for ourselves, right? We are also a hybrid remote team. We love the fact that we could put on headsets and be in ARVR together and co-work that way. Um, but when it comes to the tech giants, they don't really know where their north star is. You know, you have Apple copying Meta, Meta copying Google, Google copying Apple, and then they're just kind of doing this kind of ARVR copy loop, which is why you see a lot of these um headsets and glasses and um, you know, Zuckerberg's 3D metaverse thing just end up being a flop. There's no true vision or problem that they're solving. So when you ask those teams, hey, why are you building this type of hardware? Are you solving this this this sort of um with this sort of app application? Uh what are you what problem are you trying to solve here?

[00:23:58]Their response would be I I don't know, it's cool tech and that's just not that's not how you build successful companies, right? When you look at Meta, they were solving a problem of connection in the early days of Facebook. Um when you look at Google, they were solving search, but when it comes to these other pieces of hardware, they don't really know exactly what they're solving. And so obviously we're super grateful that we're we're this is sort of our north star and we have deep conviction around why we're doing what we're doing.

[00:24:22]>> As you guys know, tomorrow is the 72 cents per share deadline. So if you are contemplating investing or considering reinvesting, uh tomorrow, uh 11:59 p.m.

[00:24:36]Pacific time is the deadline. So make sure you get in your uh investment. Then if you have any questions definitely reach out to investmerse.com.

[00:24:46]Um really appreciate your time today and um we hope to have you aboard as a shareholder. Thanks.

[00:24:52]>> Thanks everyone. See you.

[00:24:54]>> Thanks y'all.