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Oculus Rift scores $75M in funding

Oculus Rift scores $75M in funding

The Oculus Rift virtual reality headset, seen here modelled by chief technology officer John Carmack, now has $75M in private funding to reach retail-ready status.

Oculus Rift has raised a whopping $75 million in private investment to bring its virtual reality headset to consumers following a highly successful crowd-funding effort to create developer units.

The system, which provides a stereoscopic headset with head-tracking capabilities for desktop and mobile use, has proven popular despite being available only as a relatively under-supported developer-centric prototype run. Companies ranging from Valve to MMO giant CCP have announced support for the device, and it has even resulted in spin-off projects like the Virtuix Onmi treadmill system. The company has also tempted id Software co-founder John Carmack, responsible for such classics as Doom and Quake, away from his creation to become Oculus Rift's full-time chief technology officer.

Now, Oculus Rift can complete its retail launch plans thanks to a hefty investment of $75 million - or more than thirty times what it raised through crowd-funding service Kickstarter - from private investment group Andreessen Horowitz, courtesy Netscape founder Marc Andreessen.

'Over the past 16 months, we’ve grown from a start-up to a company whose virtual reality headset is poised to change the way we play, work and communicate,' claimed chief executive Brendan Iribe in a statement to financial site VentureBeat. '40,000 developers and enthusiasts, as well as a number of great partners, have joined our cause and helped us bring the seemingly impossible to life. 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.'

The money will be used to fund the final development and creation of retail-ready Oculus Rift packages, which promise a higher resolution display for an even more convincing virtual reality experience.

18 Comments

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Parge 13th December 2013, 11:00 Quote
They took this money because they are gearing up for production of the consumer version.

Apparently, Andreessen Horowitz had been following them closely and upon seeing the newest version of the hardware they jumped in as it had solved almost all the issues that the dev version suffered.

I’m very, very excited.
DriftCarl 13th December 2013, 13:31 Quote
when can I give them all my money?
Skiddywinks 13th December 2013, 16:34 Quote
I can't wait for this to come out.
schmidtbag 13th December 2013, 18:04 Quote
I really hope that once Oculus Rift and other VR products get refined, the next gen consoles will be focused on them. We're getting to the point where graphics are as real looking as they can get, so the next step is making it feel like you're actually in the game. I think something like Kinect along with OR would make a pretty nice combo.
greypilgers 13th December 2013, 18:44 Quote
I can see where this will all end. In tears.

We'll have life-like graphics.
Peerless quality sound effects.
Amazingly fast computers.
Incredible virtual reality headsets.
3d cameras pin pointing our every move for accurate translation to the player-model.

And houses that aren't big enough to cope with all these gamers swinging their arms, legs and whatever else about... Banging into each other, tables, sofas, dogs, parents, kids, etc...

It'll all end in tears...

;)
schmidtbag 13th December 2013, 18:54 Quote
Quote:
Originally Posted by greypilgers
I can see where this will all end. In tears.

We'll have life-like graphics.
Peerless quality sound effects.
Amazingly fast computers.
Incredible virtual reality headsets.
3d cameras pin pointing our every move for accurate translation to the player-model.

And houses that aren't big enough to cope with all these gamers swinging their arms, legs and whatever else about... Banging into each other, tables, sofas, dogs, parents, kids, etc...

It'll all end in tears...

;)

Well when you have the option to have a virtual world, there could be a point where people move into a house with nothing but kitchen supplies, a bed, a couch, a phone, an alarm clock, and a computer just sitting on the floor with their VR system. Eventually, all your real world objects could become obsolete.
defined 13th December 2013, 19:12 Quote
Me wants the computer setup from The Lawnmower man
Nexxo 13th December 2013, 20:31 Quote
"Hey, are we still in the game?" --Existenz
asura 13th December 2013, 23:38 Quote
Nexxo, I was concerned that when you hung up your modhood your posting rate would petter out and the quality would dwindle. But time after time you pull out these little gems; haven't seen that film in years!

Quick, to the DVD purchasing emporium!

And remember, "Your plug is your friend." -Existenz
Guinevere 14th December 2013, 00:21 Quote
Quote:
Originally Posted by defined
Me wants the computer setup from The Lawnmower man

Because that worked out so well for Jobe
Quote:
Originally Posted by Jobe
By the year 2001, there won't be a person on this planet who isn't hooked into it, and hooked into me.

Actually it seems to me that Jobe just turned himself into friggin' google. Could have been worse I guess.
N17 dizzi 14th December 2013, 08:25 Quote
Quote:
Originally Posted by schmidtbag
Well when you have the option to have a virtual world, there could be a point where people move into a house with nothing but kitchen supplies, a bed, a couch, a phone, an alarm clock, and a computer just sitting on the floor with their VR system. Eventually, all your real world objects could become obsolete.

All we really need is some sort of capsule, with our vital organs being fed intravenously. Although, we would need a hyper intelligent A.I. system to help monitor everything.
technogiant 14th December 2013, 08:47 Quote
Quote:
Originally Posted by N17 dizzi
All we really need is some sort of capsule, with our vital organs being fed intravenously. Although, we would need a hyper intelligent A.I. system to help monitor everything.

Nah...pizza delivery will do for me.
Corky42 14th December 2013, 08:51 Quote
Quote:
Originally Posted by N17 dizzi
All we really need is some sort of capsule, with our vital organs being fed intravenously. Although, we would need a hyper intelligent A.I. system to help monitor everything.

Isn't that the job of the NSA and GCHQ ?
Star*Dagger 14th December 2013, 23:04 Quote
John Carmack, that's all they needed to say. John is a God of Gaming and basically invented 3d graphics on the PC Gaming side of things. Now he is poised to break another barrier. The Future is in Good hands, Carmack, Newell and Taylor

Yours in 3 Gods Plasma,
Star*Dagger
thom804 14th December 2013, 23:54 Quote
Anything that isolates further social interaction can only be a good thing, right?
AlienwareAndy 15th December 2013, 12:32 Quote
Quote:
Originally Posted by Star*Dagger
John Carmack, that's all they needed to say. John is a God of Gaming and basically invented 3d graphics on the PC Gaming side of things. Now he is poised to break another barrier. The Future is in Good hands, Carmack, Newell and Taylor

Yours in 3 Gods Plasma,
Star*Dagger

You say that but Doom 3 and RAGE were pretty stinky. Oh OK, so I'm being a bit harsh on RAGE and I really should have played it more but Doom 3 was balls.
Stanley Tweedle 15th December 2013, 17:01 Quote
John Carmack was more committed to his rocket engine development than games after a while. Doom was amazing. Doom 3 was nice visually and the scariest game I've played but it was upstaged by the vastly superior half life 2. Rage is pretty but nothing special. Rumor is that now Oculus is coming in a big way, Doom 4 has been pushed forward to a 2025 release date. I'm guessing they intend to release it before it's really finished since the original release date for the game was 2029.

Oculus would really make Doom 4 but lets be honest.... there are plenty of worthy games already out there that will be even better with Oculus.
Nexxo 15th December 2013, 20:41 Quote
Quote:
Originally Posted by asura
Nexxo, I was concerned that when you hung up your modhood your posting rate would petter out and the quality would dwindle. But time after time you pull out these little gems; haven't seen that film in years!

Quick, to the DVD purchasing emporium!

And remember, "Your plug is your friend." -Existenz

:D I think my posts feel better since I hung up modhood. I'm not such a grumpy git anymore and can focus on being a geek again.
Quote:
Originally Posted by Guinevere
Actually it seems to me that Jobe just turned himself into friggin' google. Could have been worse I guess.

LOL :)
Quote:
Originally Posted by N17 dizzi
All we really need is some sort of capsule, with our vital organs being fed intravenously. Although, we would need a hyper intelligent A.I. system to help monitor everything.
Erm... like this?

http://4.bp.blogspot.com/_RshsKGzNxWA/TB9QS1LzV1I/AAAAAAAAAEU/fqz-xLas6AU/s1600/matrix.jpg
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