Oculus Rift secured a massive funding of $16 Million

Oculus VR gets a $16 Million from Spark Capital and Matrix Partners, along with additional funding from Founders Fund and Formation 8. The funding will help to accelerate the development of the virtual reality headset- specifically for hardware, software and services.

Earlier, Oculus Rift VR headset got a successful crowd fundraising of $2.4 Million via Kickstarter, which enabled them to have development kits for game designers. Though the headset is not released for retail, the massive funding from few funding and investment companies will accelerate the process to do so.

Palmer Luckey said,”Oculus began with a single mission: to put players inside the game. This investment allows us to deliver immersive and affordable virtual reality to players everywhere.”


VIA: 1

Leave a Reply

Your email address will not be published. Required fields are marked *

Beyond News. Beyond Reviews. Beyond Guides & Recommendations.

Join the never ending discussions on never ending topics.
Previous Article

AMD FX-9000 Pre-Orders starts!

Next Article

GTX 760 DirectCU II OC Specs and Prices

Related Posts

Beyond News. Beyond Reviews. Beyond Guides & Recommendations.

Hardware BBQ is a PC hardware review, news and recommendations website. Typical of such PC hardware websites, I encourage two-way communication and discussions. Help us to help everybody by being a part of it. I am pretty active on Twitter. But for any detailed discussions and inquiries, you can always join the Discord group for any discussions.The future plans include streaming on Twitch, but I'll let you if and when that plan is made. Don't forget to follow the channel if you're interested.