Oculus VR Receives Real Infusion of Cash for Their Virtual Reality System



“Oculus VR, the company behind the highly anticipated Oculus Rift virtual reality gaming goggles, has just secured a boatload of cash to bring the product to market.

The company late Thursday announced that it has secured $75 million in a venture funding round led by Andreessen Horowitz. Spark Capital and Matrix Partners, among others, participated in the round.

The cash infusion, which dwarfs the more than $18 million Oculus has raised through Kickstarter and a Series A round, will be used to hire more staff, the company said in a statement. That staff, coupled with the funding, will provide the company the opportunity to get the Oculus Rift to store shelves more quickly.”

Source:  CNET News

Updated: July 12, 2020 — 1:46 pm