For some reason this huge news hasn't yet been picked up by any of the major tech outlets that I can see, but VRChat just raised $80 million in funding:
The VRChat team is excited to announce that we have closed an $80M Series D investment round. This latest financing was led by Anthos Capital, alongside existing investors Makers Fund, GFR fund and others. We welcome Anthos and are proud to have them on board!
This new investment will allow us to expand the VRChat team, iterate on the platform and grow our community. This includes the ability for creators to earn and enable more people around the world to access VRChat. Partners like Anthos Capital open unique opportunities to help us further our goal as a virtual universe.
As a reference point to how huge this funding round is, consider the fact that in 2017, VRChat only raised $4 million. Defying the bearish performance of nearly all other VR-related startups since then, usage has continued to grow since then, with monthly active users I'd estimate to be in the low six figures -- and even more notable, 1 in 3 daily users (i.e. about 40,000-100,000) logged in via HMDs, With VRChat concurrent numbers starting to pass Second Life's CCU this year, I'd estimate VRChat now has over 1 million monthly active users (and that's probably a conservative guess).
Looking at larger market, VRChat is one of the most-used VR applications, easily eclipsing usage of high-end games like Half Life: Alyx and indie hits like Beat Saber. And far as funding goes, take a look at this: