Oculus Rift gets $16 million in funding

Virtual reality headset gets investment to speed up development

Oculus VR, maker of the anticipated Oculus Rift VR gaming headset, has secured $16 million in Series A funding.
The round was co-led by Spark Capital and Matrix Partners. Santo Politi, founder and general partner at Spark, and Antonio Rodriguez, serial entrepreneur and general partner at Matrix, have joined the company’s board of directors. Founders Fund as well as Formation 8 also participated in the round.

Oculus plans to use the funds to accelerate the development of its virtual reality hardware, software and services, and ultimately create a virtual reality platform for consumers.
“Oculus began with a single mission: to put players inside the game,” said Palmer Luckey, founder of Oculus VR and inventor of the Oculus Rift.
“This investment allows us to deliver immersive and affordable virtual reality to players everywhere.”

http://www.develop-online.net/news/4...ion-in-funding