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The “will it or won’t it really take off?” factor around virtual reality/augmented reality (VR/AR) has proven a favorite topic for analysts in the last couple years, especially as investors have put more money into the nascent technologies. So where does VR/AR investment currently stand?

According to Digi-Capital, more than $800 million was invested in VR/AR in Q2 2017, after a quieter first quarter. The company reports that rounded out more than $2 billion invested across 27 AR/VR sectors in the last 12 months.

“While investment hasn’t hit the record peak of Q1 2016 (when $1.2 billion was invested in the quarter and $2.4 billion in the previous 12 months), the second quarter of this year was an investment record for a quarter when Magic Leap wasn’t sucking in giant amounts of cash,” a recent Digi-Capital blog reads.

Digi-Capital is forecasting more than a billion users and $60 billion revenue for mobile AR in five years time. “The revolution started by Apple, Facebook, Google and others is set to change how the world sees the world,” it predicts. “For AR/VR dealmakers and their portfolio companies, picking the right opportunity with the right timing today could make them the geniuses and visionaries of tomorrow.”

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