Oculus Rift, the designer of the Oculus VR device, have raise another $16 million from venture capitalist firms Spark Capital and Matrix Partners. This new funding will help to bring the VR device to the hands of consumers, as the company begins to transform working prototypes into production-ready devices. One year ago, the Kickstarter campaign for the Oculus Rift raised $2.4 million to bring the device to game developers so they could begin to design games for the device. Today, through showings at PAX and E3, the device has garnered tremendous support and buzz from gamers. Even at E3 last week the device made a successful showing.

With this new $16 million funding, hopefully the device has begun to make the approach to consumers’ eyes instead of just the eyes of developers. Developer units for the device were shipped earlier this year. There is no set release date for the device yet, but the developers are aiming for a 2014 release with this new funding supporting it. No retail price has been set as yet, but Oculus Rift is aware that the lower the price the broader the potential market.

Source: Polygon