Oculus Rift secures $16 million for consumer production

The Oculus Rift has been one of the most intriguing projects as time has gone on, and with E3 just passing for the company, they revealed some major news surrounding consumer production for the platform.

In a release sent to today, Oculus Rift has revealed that they have secured $16 million in Series A funding. This was co-led by Spark Capital and Matrix Partners, while Santo Politi and Antonio Rodriguez have joined the company's board of directors.

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edwineverready1589d ago

nice i am interested in this. if the price point is good. it's mine.

NameRemoved00171589d ago

Probably will cost a couple hundred $ at most.

M-M1589d ago

I want to try it so bad, I hope they start having demo units at Best Buy soon for people to try out.

CleverHaiku1589d ago

The articles that I read (which included direct quotes from the Oculus CEO) explicitly stated that the funding is for R&D, NOT for speeding up consumer production. Misleading, inaccurate headline.