Although it’s been in development for a while following its successful KickStarter, the Oculus Rift just got a huge push when it comes to spending.
The company has secured a $75 million in investment to help put the consumer version of the headset in place. The series B edition of the funding was led by Andreessen Horowitz, with additional contributions by Spark Capital, Matrix Partners and Formation 8. As a result of the huge investment, Marc Andreessen, the founder of Netscape and the main man at Andreessen Horowitz, will join Oculus VR’s board.
“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,” said Oculus VR CEO Brendan Iribe said in a statement issued to the press.
“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 Oculus VR should arrive sometime in 2014.
Source: GamesIndustry International