Seattle-based startup Rec Room, once valued at $3.5 billion, is laying off about half of its staff in a sweeping ...

Social VR platform Rec Room announced it’s laying off around half of its staff, citing low-level content which has flooded ...

Social gaming platform Rec Room has raised $100 million at a $1.25 billion valuation. The funding is a win for user-generated content.

Hey this is Shawn from Rec Room. The over 1 million monthly active players is ONLY counting VR players. So that stat is entirely VR users.

The $100 million financing was led by Sequoia Capital and Index Ventures, the company said. Madrona Venture Group also contributed to the investment. All three firms were previous Rec Room investors.