Blog: VR gets reality check with significant decline in investment – Los Angeles Times

To be sure, some local VR companies have found a niche. Culver City-based Dreamscape Immersive, which has raised more than $40 million in financing, creates VR attractions in malls where people pay $20 to experience a virtual reality adventure. Participants strap on virtual reality goggles, a backpack and sensors, and then walk through a room where they experience a virtual world with their friends in a communal experience, where they might grab a real flashlight to ward off a virtual enemy. Dreamscape opened its first mall venue Dec. 14 at Westfield Century City.