Friday, December 13, 2013

Oculus VR raises another $75 million to get the Rift to market

Company with experience funding Facebook, Twitter and Skype invests in VR headset maker.

Oculus VR is closer to getting its Rift headset on the market and into the hands of consumers thanks to a $75 million investment from venture capital firm Andreessen Horowitz.

Andreessen Horowitz is an experienced venture capital firm that has previously invested in the likes of Facebook, Twitter and Skype. Part of the conditions of the deal include Andreessen Horowitz’s co-founder Mark Andreessen, who once led Netscape in the 1990s, being granted a seat on the company’s board of directors.

“We believe Oculus will not only alter the gaming landscape, but will redefine fundamental human experiences in areas like film,education architecture and design,” Andreessen said in a statement from his company. ‘We’re incredibly excited to help them change the world.”

Oculus VR has previously raised $2.4 million through a Kickstarter campaign, $16 million in Series A financing, and has sold 40,000 development kits.

Oculus VR has yet to announce a release date or pricing for its headset.

Via: GamesBeat

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