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Oculus VR nabs $75 million to bring the Rift to market

Oculus VR, creators of the Rift virtual reality (VR) goggles, closed on a $75 million round of funding from Andreessen Horowitz to bring its product to mainstream consumers, according to Venturebeat. Spark Capital, Matrix Partners and Formation|8 also participated, and Oculus VR previously raised more than $2.4 million in 2012 on Kickstarter. The new money, along with the full-time focus of game icon John Carmack, is a big investment in not only bringing consumer VR to market, but also to make it a viable place for games — not just a one-off novelty product.

2 Responses to “Oculus VR nabs $75 million to bring the Rift to market”

  1. Oculus VR seems to have a long and hard road ahead of it though, as analysts are doubtful about the popularity of 3D virtual reality products. Most of them do not think that such products have the potential to gain mainstream success.