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Oculus Rift Is One Step Closer To Reality With Another Secured Round Of Funding

Oculus VR has secured yet another round of venture funding.


Oculus Rift Staffing Receives Additional Funding

This time the investment was in the amount of $75 million, which is the largest chunk yet. Netscape founder Marc Andreessen’s VC firm, Andreessen Horowitz, decided to invest in the future staffing needed to support a consumer model of the Rift.

The new cash flow is in addition to the $2.4 million raised by the Oculus Rift Kickstarter campaign and $16 million in venture capital funding.

“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,” Oculus VR CEO Brendan Iribe said. “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.”

For more on Oculus VR and the coming consumer model of Oculus Rift, check out the Oculus VR website here.