Oculus VR Gets $75 Million in New Funding

Posted by at 1:27 pm on December 13, 2013

Oculus Rift VR Headset

Oculus VR, the makers of virtual reality head-mounted display Oculus Rift, have secured $75 million in funding that will help the company finish off the consumer version of the gaming accessory. Venture Beat’s Dean Takahashi reports that the round of funding comes from VC firm Andreessen Horowitz. Andreessen Horowitz was founded by Netscape founder Marc Andreessen and his business partner Ben Horowitz in July of 2009.

Oculus Rift VR Headset

Oculus VR says it will use the money to hire more staff as well as for building a commercial version of the virtual reality headgear. At the moment, the product isn’t available to consumers and is still in development.

Oculus VR last month celebrated the arrival of id Software cofounder John Carmack as CTO. Carmack joined the company in August but remained at id Software in addition to his new role at Oculus VR. He handed in his resignation at id Software in late November. That, combined with this new round of funding, will go a long way towards the company achieving its goals.

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