Funded! This project was successfully funded on September 1, 2012.

Update #46

Onward to the Metaverse!

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Over the last 16 months, we’ve grown from a small team working out of our apartments and garages in California to a global team of nearly 70 top engineers, game developers, designers, and scientists. We’ve built groundbreaking new hardware and software, bringing the seemingly impossible to life. We’ve seen over 40,000 developers and enthusiasts join the cause and build innovative content that’s captured the imaginations of people everywhere. One thing has remained constant: we’re as dedicated to delivering on that vision -- the promise of the Metaverse -- as the day we started.

An engineering company like Oculus requires substantial capital. We’re building the best team, designing new hardware, manufacturing millions of units, and developing great games, apps, and experiences. We’re always looking for new partners to help us change the world.

Today, we’re thrilled to announce that we’ve closed a $75MM Series B investment led by Andreessen Horowitz (a16z). a16z shares our passion and vision for the future of virtual reality and is one of the best venture capital firms in the world, guiding transformative technology companies like Facebook, Twitter, Airbnb, Skype and GitHub. a16z joins Spark Capital, Matrix Partners, Formation 8 and Founders Fund, which have all invested additional capital.

Marc-Andreessen

VR has the potential to revolutionize the way that we live, learn, play, communicate, and much more. As a community, we’ve only just begun to scratch the surface.

With this new funding, we’ll be investing heavily in future R&D, expanding our hardware manufacturing and distribution operations, developing the world’s premier VR platform, and recruiting more competitively than ever before. It also means we’re designing and publishing more incredible VR content -- the types of games, applications and experiences that will define the platform.

The right venture capital firm, investor, or board member can bring incredible value to a company – opening new doors, bringing a wealth of business and technology expertise, and creating otherwise impossible opportunities. As part of the investment, Marc Andreessen and Chris Dixon will be joining our board of directors. Please welcome Marc and Chris to the team!

Marc wanted to share a few words with the community:

"I first worked in 3D interactivity and virtual reality over 20 years ago at the University of Illinois. I've been actively following VR ever since. Like the iPad delivered on the Newton's vision of tablet computing 20 years later, Oculus delivers on the potential of VR that we saw but couldn't realize at the time. We believe Oculus will not only alter the gaming landscape but will redefine fundamental human experiences in areas like film, education, architecture, and design. Oculus is at the tip of the iceberg of its potential, and we're incredibly excited to help them change the world."

Interested in changing the world? We’re looking for the best and brightest engineers for Irvine, Dallas, and (soon) San Francisco. Check out the Oculus Careers page for more details.

Thank you again for making this possible. Now, onward, to the Metaverse!

-- Brendan, Palmer, John and the Oculus team

Denis Danilin, Jostein, and 29 more people like this update.

Comments

    1. Avatar-retake-cropped.small

      Creator djthomp on December 16

      Makes me want to start abbreviating my own name as d11n.

    2. Ingseyfs0528.small

      Creator Datayum on December 15

      @Danny, shutting one's mouth doesn't help in trying to change things.

    3. Img_4804.small

      Creator DP on December 14

      Xod are you serious? Enjoy your dev kit. Don't buy the consumer version. There you go.

    4. Ingseyfs0528.small

      Creator Datayum on December 14

      Not happy to share my seat as funder with more capitalists.

    5. Avatarminime-standard.small

      Creator David Ross Watson on December 14

      Well done guys :)

      I can't wait to see the blown-away expressions of disbelief as the world tries true VR for the first time.

    6. Missing_small

      Creator Alex Campbell on December 13

      Congratulations! Looking forward to the future.

    7. Cheezburger.small

      Creator Pasha on December 13

      Congratulations!

      That's a huge step~

    8. Ifreak%20thumbnail%202%2048%20x%2048%20auf%20weissem%20grund.small

      Creator iFreak on December 13

      Great news guys - congratulations! Virtual reality comes more and more to reality with belivers like Marc. I'm sure, that will be one of the best investments of his life. Greetings from Bavaria! ;)

    9. Fb_profile_picture.small

      Creator Kevin Cole on December 13

      Maybe with that additional $75M we will see an expected delivery date or at least another campaign to kick a high res unit into production?

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