Oculus Rift Receives $75 Million in Funding from Investment Firm

This will allow for the completion of consumer models for Android, PC and more.

Posted By | On 13th, Dec. 2013

Oculus Rift

As if it didn’t have enough capital already, Oculus VR announced a deal with investment firm Andreessen Horowitz for an additional $75 million in funding for Oculus Rift. This in exchange for several things, including a board seat fir, co-founder Mark Andreessen.

Oculus Rift CEO Brendan Iribe was upbeat about the deal, stating that, “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.”

Andreessen also stated that, “We believe Oculus will not only alter the gaming landscape, but will redefine fundamental human experiences in areas like film, education, architecture and design. We’re incredibly excited to help them change the world.

Oculus has revealed that it will be using this additional funding in order to complete consumer models of Oculus VR for Android, Linux, Mac and PC with more details to arrive tomorrow.

(Source)


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