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Oculus Rift venture funds used to expand staff, no new platforms planned

Oculus Rift is using the $16 million in venture capital it raised recently to expand its already top-notch team of engineers.

"We're using the funding to ramp up on hiring more smart people, the best and brightest that we can find," CEO Brendan Iribe told Engadget.

Iribe said the majority of new employees will be engineers, but apart from the new hires little will change at the tech company, which will remain focused on building the world's best VR platform.

"The dev kit as it is now, that we're shipping, will stay the same, and the software side will just keep getting better," he said.

Rhe money won't be used to develop the tech for other platforms, unfortunately.

"We're always looking at other platforms - looking at consoles, we're also looking at Android and the mobile side in a big way - but right now we really are focused on the PC platform," Iribe said.

Thanks, Joystiq.

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Brenna Hillier avatar

Brenna Hillier

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Based in Australia and having come from a lengthy career in the Aussie games media, Brenna worked as VG247's remote Deputy Editor for several years, covering news and events from the other side of the planet to the rest of the team. After leaving VG247, Brenna retired from games media and crossed over to development, working as a writer on several video games.

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