The lights are on
VR company Oculus has secured more money to pursue its dream of bringing VR into gaming.
Venture capital firms Spark Capital and Matrix Partners, along with Founders Fund and Formation 8, have invested $16 million in a Series A funding round for the company. Series A funding is the initial round of venture capital funding, and is named after the class of preferred stock sold to the new investors by the company.
According to Oculus VR founder and Rift inventor Palmer Luckey, the funding will be used to hire more people at the company, work on new tech, and help bring the Rift platform to the public.
Here's some of our impressions of Rift at E3.
[Source: Oculus Rift via MCV]
Oculus Rift photo above is not of the finished product, which will look different.
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Good for them.... now let me try it.
Can't wait to try this out on pong!
very excited for this, will be getting it for sure
For this to be successful, it needs to be the real deal. And if it's the real deal, then they should partner with a retailer to have customers try this thing out in stores in order for it to take off.
Clearly Oculus is preparing their own S3 plan.
I always think this plus the Kinect would be one great combination.
Just think of what this thing will do to your eyes!!
well yeah, 16 mil ought to do it^_^
Good, I just got one.
While I do think this is cool and a good idea I just feel like the timing is off. I mean are people honestly ready for VR gaming yet or just VR stuff in general? Just seems a little early is all.