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Oculus VR Secures More Funding

News

by Matthew Kato on June 18, 2013 at 08:58 AM

5,291 Views

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.

Email the author Matthew Kato, or follow on Twitter, and Game Informer.

Filed under: News, Oculus Rift, matrix partners, spark capital

Comments

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by Megalomaniac Tuesday, June 18, 2013 at 09:02 AM

I'm curious to see how much they'll charge for this gimmic-gadget. If it's cheap enough, and I find somewhere to test it first, it might be a fun thing to own :)
by TheLaughinManFL Tuesday, June 18, 2013 at 09:03 AM

Time to re-watch The Lawnmower Man!
by BrokenAngel Tuesday, June 18, 2013 at 09:19 AM

Good for them.... now let me try it.
by DeclarationdayXI Tuesday, June 18, 2013 at 09:34 AM

Can't wait to try this out on pong!
by FutureZeus Tuesday, June 18, 2013 at 09:42 AM

I'm more excited for the Rift than the next gen platforms. Here's a list of the games that are already in the works on the Rift: Team Fortress 2, Half-life 2, Hawken, Doom 3 BFG, Doom 4, Minecraft, Left for Dead 1&2, Portal 1&2, BioShock Infinite, Elder Scrolls V: Skyrim, Fallout 3, and for the people that need a virtual girlfriend there's Wicked Paradise.
by SOG HALO7263 Tuesday, June 18, 2013 at 09:47 AM

It looks cool and I would like to try it, but I hope it doesn't come to where console/PC games frequently rely on this. I can't imagine strapping this to my face every time I wanted to play a game.
by dodgyboyy Tuesday, June 18, 2013 at 09:55 AM

very excited for this, will be getting it for sure
by sevennewworlds Tuesday, June 18, 2013 at 10:01 AM

This thing is so silly. Who is going to buy this? and people call the WIi a gimmick.
by Him Tuesday, June 18, 2013 at 10:09 AM

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.
by B rabbit Tuesday, June 18, 2013 at 10:45 AM

i have no interest to try this or use it, i'll pass on looking like a more of a dork than i already am
by Redneck Rampage Tuesday, June 18, 2013 at 10:48 AM

Clearly Oculus is preparing their own S3 plan.
by new traditionalist Tuesday, June 18, 2013 at 10:51 AM

this thing better not cost more than 100 bucks.
by TwistMonkey Tuesday, June 18, 2013 at 12:45 PM

I always think this plus the Kinect would be one great combination.
by Colossus365 Tuesday, June 18, 2013 at 01:29 PM

Just think of what this thing will do to your eyes!!
by Jest Crest Tuesday, June 18, 2013 at 02:10 PM

well yeah, 16 mil ought to do it^_^
by rekoin Tuesday, June 18, 2013 at 03:59 PM

Good, I just got one.
by MasterShepard117 Tuesday, June 18, 2013 at 06:56 PM

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.
by Mr Tr0llz Tuesday, June 18, 2013 at 08:59 PM

With as cool as this thing looks. The only way it could truely work is not have to use a keyboard and mouse or a controller to move. The only way I would spend money on this is if they made away to actually walk around in the game without a controller or keyboard. Other wise all you have is a screen wraped around your head.