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Oculus Rift Makers Raise $75 Million in New Funding

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The company behind the Oculus Rift virtual reality headset raised $75 million in its second round of funding, which will help the company finalize its platform before it’s released to consumers.

Andreessen Horowitz leads the Series B round. As part of the round of funding, Netscape founder and Andreessen Horowitz General Partner Marc Andreessen will join the Oculus VR board of directors. The round also consisted of funding from Series A investors Spark Capital, Matrix Partners and Formation 8.

The Oculus Rift allows users to play immersive video games in stereoscopic 3D. The virtual reality headset makers first raised $2.4 million on Kickstarter last August in a campaign that reached 10 times its funding goal, then another $16 million in Series A funding. Read more…

More about Gaming, Startups, Business, Oculus Rift, and Oculus Vr


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