Oculus Rift Ripe With $75 Million In New Round Of Fundraising

Looking back, it seems almost adorable that we were all so impressed that the Oculus Rift whipped up $2.4 million in Kickstarter funds. This summer, Oculus raised $16 million from investors led by Spark Capital and Matrix Partners, and the company has now landed an additional $75 million in another round of funding.

The comparatively jaw-dropping $75 million fundraising effort was led by Mark Andreessen of investment firm Andreessen Horowitz, who will also join Oculus’ board of directors.

Oculus Rift VR gaming headset

The money will go towards commercializing the 3D virtual reality Oculus rift headset, which should give gamers everywhere sometime to get seriously excited about. Prototype versions of amazing tech all too often turn into vaporware, and judging by the impressive progress the Oculus Rift team has made in a relatively short time, this product deserves to see the light of day and populate store shelves.

These good tidings for Oculus follow the news that id Software’s legendary John Carmack was leaving his former post to join Oculus, which adds a strong gaming industry to the company’s ranks.