Oculus Rift secures $75 million to complete consumer model

Friday, 13 December 2013 03:59 GMT By Brenna Hillier

Oculus Rift investors have collectively ponied up an additional $75 million to help the tech manufacturer bring the personal VR headset to market.

VentureBeat reports investment firm Andreessen Horowitz handed over the cool wad of cash in a deal which includes an Oculus Rift board seat for co-founder Mark Andreessen.

The capital will be used to complete a consumer model for Android, Linux, Mac and PC. More details will be announced tomorrow.

“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,” Oculus Rift CEO Brendan Iribe said.

“We believe Oculus will not only alter the gaming landscape, but will redefine fundamental human experiences in areas like film, education, architecture and design. We’re incredibly excited to help them change the world,” Andreessen added.

Andreessen Horowitz’s past beneficiaries include Facebook, Twitter and Skype.

Obulus Rift took to Kickstarter to help build its initial prototypes and development kits; backers are among the few users in the world to have access to the tech. The company got a bit of a leg-up recently by the recruitment of id Software founder John Carmack, who has ambitious plans for it.

Thanks, Engadget.

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