Oculus VR secures $16 million to bring virtual reality to consumers


— 6:00 AM on June 18, 2013

The Oculus Rift VR headset enjoyed a wildly successful Kickstarter campaign, earning nearly $2.5 million through the crowdfunding site. Less than a year later, the firm has secured $16 million in additional funding through Spark Captial and Matrix Partners. Partners from each investment firm will join the Oculus board, according to the press release posted by Engadget, and the cash will be used "accelerate the development of virtual reality hardware, software and services, ultimately creating a full virtual reality platform for consumers."

Oculus hasn't announced any consumer products yet. However, the developer kit can be ordered from the company's site for $300.

The goggles that come with the kit have a relatively low 1280x800 resolution—640x800 for each eye. Oculus had a new, 1080p prototype on display at the E3 expo last week, though. Polygon was impressed by the HD headset, which will reportedly serve as the basis for the first commercial unit. Unfortunately, there's no word on when the finished product might become available.

By the time the consumer-grade headset arrives, a decent number of games should support it. Oculus has joined the Unreal Engine 4 Integrated Partners Program, ensuring the engine will have out-of-the-box support for the VR goggles. Wikipedia's list of Oculus-compatible games continues to grow, as well.

   
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