Apple Vision Pro gains Niantic tech to open up more AR experiences

Niantic will be supporting the Apple Vision Pro with its 8th Wall Metaversal Deployment, which could make it easier for developers to bring WebAR experiences to Apple's mixed-reality headset.

One of the challenges of app development is to make it work across multiple different hardware and software platforms. With Niantic's announcement on Wednesday, developers keen to bring their VR and AR experiences from other headsets to the Apple Vision Pro now have some assistance.

Niantic's 8th Wall Metaversal Deployment is a platform for experiencing WebAR content. Originally launched in 2021 for smartphones, tablets, and computers, it was updated in 2023 with support for Meta's Quest 3 headset.

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Insurtech Coterie raises $27mn in “oversubscribed” funding round with Hiscox backing

Small business-focused insurtech Coterie has raised $27mn in a post-Series B funding round, securing fresh backing from Hiscox along with participation from existing investors Intact Ventures, Weatherford Capital and RPM Ventures, The Insurer can reveal.

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Coterie Insurance Named Best Insurtech Company in Fintech Breakthrough Awards

CINCINNATI – March 14, 2024 – Coterie Insurance, the insurtech MGA simplifying small business insurance, has been named the 2024 Best Insurtech Company by the Fintech Breakthrough Awards. FinTech Breakthrough is an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today. 

“We’re honored to be named Best Insurtech Company as this recognition represents how far Coterie has come over the past five years in transforming small business insurance for everyone involved,” said David McFarland, CEO of Coterie Insurance. “Having our innovative, game-changing approach acknowledged and endorsed by the broader industry is a clear demonstration that Coterie is bringing real value to ongoing industry challenges with novel and exciting solutions.” 

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Visa+ Now Available To All DailyPay Users

NEW YORK, March 6, 2024 /PRNewswire/ -- DailyPay, a proud launching partner for Visa+, announced today that the innovative new service is available to DailyPay's millions of users nationwide.

Launched in late 2023, the mission of Visa+ is to create an interoperable future, where paying across services is as seamless as using any one service, benefiting both consumers and payment app providers.

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DailyPay Closes Transactions Totaling $175 Million; Company's Valuation Increases by 75%

Leading fintech announces the close of a $75 million equity round and the $100 million expansion of an existing secured credit facility, with the incremental financing provided by Citi

Funds will be used to accelerate growth and expansion into adjacent categories and new markets

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- DailyPay, the leading on-demand pay company, today announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing, which valued the company at $1.75 billion on a pre-money basis.

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