On March 23, 2021, Rec Room announced that they raised $100M with a valuation of $1.25 billion, which makes them the first VR software company to achieve 'unicorn' status. Rec Room was launched for the Vive on June 1, 2016 after 99 days of development, and they've continued to rapidly iterate and develop it over the years with a release cadence ranging from a weekly to every other week for five and half years now. They're the most cross-platform VR application being on Oculus Quest, PCVR on Steam and Oculus Home, PSVR for PS4 as well as a 2D version for PS4 (with a PS5 release coming soon), XBox, iOS, as well as Android.