Oculus Rift Raises $75 Million in Funding

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  • Oculus Rift Raises $75 Million in Funding

    Oculus is one step closer to bringing affordable Oculus Rift VR headsets to the masses as word spread earlier today that the company has raised $75 million in additional funding.

    This is in addition to the $16 million funding from around June. The funding comes from a variety of investors including Spark Capital, Matrix Partners, and more. This funding is based on a valuation of the company and product at near $250 million.
    Chris Dixon, an investor at Andreessen Horowitz, said that while he’d been impressed with the Kickstarter devkit, he was concerned by several technical obstacles that it had yet to overcome. But after a recent visit to Oculus’ headquarters in Irvine, California, Dixon — along with Marc Andreessen and two other partners — saw a new prototype that changed his mind.

    “I think I’ve seen five or six computer demos in my life that made me think the world was about to change,” he tells WIRED. “Apple II, Netscape, Google, iPhone… then Oculus. It was that kind of amazing.”

    As far as additional funding goes, don't expect there to be any more between now and when the Oculus Rift begins shipping to consumers. The company still expects the consumer version to be released in 2014.
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