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Submitted by Electro_UK 586d ago | interview

Virtuix Talks $3 Million Investment, Size and Price Concerns

VRFocus - Virtuix, the company behind the upcoming Omni multi-directional motion control device for virtual reality (VR) experiences, has just secured a rather sizeable amount of funding. The company has received an investment for some $3 million USD from a range of over 5 investors to help expand personnel and assist mass production. Needless to say, this is a fairly significant step for the company, which had already raised $1.1 million via Kickstarter. (Dev, Industry, Jan Goetgeluk, Oculus Rift, PC, Tech, Virtuix Omni)

slivery  +   586d ago
They have had these things in arcades since I was a child, I don't get why they think it would sell any better now because it never did then. They were the exact same designs and worked in the same exact manner.

These things are too big and far too expensive for any average consumer to care about it. Most gamers also don't play video games to "work out", they play video games to kick back and relax.

They were even on Shark Tank and boy did they rip these guys a new one, but they were right.. No one is really going to buy that, so none of them invested in it. They also made an even better point with the fact that not only would need this expensive thing but you also have to buy the Oculus to work with it. It isn't just a one bundle deal which is kind of stupid also.

It is a cool idea but it is not advanced or practical enough for the market right now. It also takes a lot to get used to this, some of the Shark Tank guys tried it and they couldn't even stay standing straight. It was a joke more than anything.

I could actually see people getting hurt with this thing or possibly just tipping it over and falling.

I feel bad for all those investors, mass production of this? What a horrible idea.

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