Oculus VR Raises $16 Million for Virtual Reality Hardware

June 18, 2013 -

Oculus VR has secured $16 million in its first round of funding as the company moves towards bringing its virtual reality hardware technology to the masses. According to reports from Panodaily and AllThingsD the series A funding round was led by Spark Capital and Matrix Partners. Oculus VR began its quest for capitol seeking $5.5 million, but managed to generate a lot more due lots and lots of exposure.

Oculus VR still hasn't set a launch date for the retail release of its product but began shipping Kickstarter-funded development kits in late March. During E3 several companies announced support for the device as well as popular software offerings that would support it at launch.

Source: GII

 

 


Comments

Re: Oculus VR Raises $16 Million for Virtual Reality Hardware

Porn is moving to this system and its going to be interesting in what the price will be and if it can be used with people with glasses

Re: Oculus VR Raises $16 Million for Virtual Reality Hardware

Depending on the reason you need glasses, it likely won't be an issue since the screen is less than inches away

 

 
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