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.
8-6-2021 (August 6, 2021) is the Snakiest day of the year and it’s also this year’s CircuitPython Day! The day highlights all things CircuitPython and Python on Hardware. See you there!
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.
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