Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


Oculus Rift brings in $16 million in funding


2:00 AM on 06.18.2013
Oculus RiftOculus Rift brings in $16 million in funding photo



The $2.4 million-generating Kickstarter for the Oculus Rift virtual-reality headset was merely the beginning, it would seem. With developer kits for the device out in the wild and excitement rising, Oculus VR, Inc. has secured $16 million in Series A funding.

Matrix Partners and Spark Capital co-led the round. "In our estimation, Oculus is one of the only companies in the space with something completely new and disruptive," said Spark founder Santo Politi. "They have the right team, capital and vision to take virtual reality beyond console gaming and into everyday computing."

As for the Oculus team itself, CEO Brendan Iribe is looking ahead: "There are still many challenging problems to solve, but with the support of these great investment partners, and our passionate community, we will continue to hire the brightest minds and stay laser focused on delivering the very best virtual reality platform possible."

I'm so interested to see how the Rift performs once the floodgates open and anyone can order a consumer-ready unit from the website. Can a VR headset -- even one that's by most accounts a well-made piece of tech -- really catch on in a meaningful way?






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.



Gone Home canceled for consoles photo
Gone Home canceled for consoles
11:30 AM on 03.06.2015


PS4 passes 20 million mark photo
PS4 passes 20 million mark
6:30 PM on 03.03.2015






Money

11:30 AM on 03.06.2015
Gone Home canceled for consoles

With Majesco's money troubles -- the company does not have new games in development for 2015, but is instead continuing to distribute its back catalog -- and the closure of its indie publishing arm Midnight City, the PC hit G...more



6:30 PM on 03.03.2015
PS4 passes 20 million mark

To make sure everyone knew that the PlayStation 4 was in charge of this console generation (so far), Sony humbly announced that the console has sold more than 20.2 million units worldwide as of March 1. It's still too early t...more



2:30 PM on 03.02.2015
World of Warcraft players will be able to pay for their subscription with gold soon

In an upcoming World of Warcraft patch, Blizzard will introduce the WoW Token, an in-game item purchasable with real money that facilitates the exchange of gold for 30 days of game time. "The WoW Token was created to give pla...more



View all Money






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more