Oculus VR has raised $75 million to help complete the consumer version of the Rift virtual reality gaming headset. Venture capitalist Andreessen Horowitz helped find most of the Series B funding money, which comes from Spark Capital, Matrix Partners and Formation|8. This injection of cash follows $16 million in Series A funding the company received in June of this year, $2.4 million in crowdfunding generated from its highly successful Kickstarter campaign in 2012, and direct sales of more than 30,000 development kits.
"We believe Oculus will not only alter the gaming landscape but will redefine fundamental human experiences in areas such as film, education, architecture, and design," said Oculus VR co-founder Marc Andreessen.
"Over the past 16 months, we've grown from a start-up to a company whose virtual reality headset is poised to change the way we play, work and communicate, added Oculus VR CEO Brendan Iribe. "40,000 developers and enthusiasts, as well as a number of great partners, have joined our cause and helped us bring the seemingly impossible to life. This additional infusion of capital, as well as the leadership and experience of Marc Andreessen, will help us take the final steps toward our ultimate goal: making virtual reality something consumers everywhere can enjoy."
The funding emphasizes that the investment community believes in a future where gaming will evolve by leaps and bounds. Technologies like Oculus Rift will be at the forefront of this future where games and reality slowly become one.