Fresh off the heels of a buzzy turn at gaming conference E3, Oculus Rift has raised its first round of funding, according to several people familiar with the situation.
The Southern California company, which makes virtual reality headsets for gaming, raised $16 million in its first round of outside capital co-led by Spark Capital and Matrix Partners co-led the deal. The round has a $30 million pre-money valuation, people familiar with the matter said. Oculus Rift did not provide a comment for this story. Spark Capital did not return emails.
Oculus Rift first caught attention in September 2012 with its Kickstarter campaign seeking $250,000; it wound up raising $2.4 million. Similar to the company’s crowdfunding campaign, Oculus started raising venture capital with a target of just $5.5 million; the round was oversubscribed and eventually expanded to $16 million.
Gaming industry insiders called the company the “the belle of the ball” at E3 this year. That’s on the back of a nomination for “best hardware of the year” last year. Its product is not yet commercially available and no official release date has been set for the $300 consumer units in sight. The company recently upgraded to HD, and shipped 7,500 to developers looking to build for the platform. Thus far, Team Fortress 2, Museum of the Microstar, Half-Life 2 and Tuscany Razer Hydra are available to play on the headset with a few dozen more titles in development.
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7:30pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Maker Business — 1,000 True Fans, how creators can sustain themselves in the digital age
Wearables — Augmented reality IRL
Electronics — Free ICs!
Biohacking — Vitamin-C + Gelatin for Accelerated Recovery
Python for Microcontrollers — Together we’ll make it… #Python #Adafruit #CircuitPython @circuitpython @micropython @ThePSF @Adafruit
Adafruit IoT Monthly — Hack-Proof Garage Door Opener, The Internet of Things is Sending Us Back to the Middle Ages and More!
Microsoft MakeCode — MakeCode Powered Flowerpot!
No comments yet.
Sorry, the comment form is closed at this time.