Oculus VR nabs $75 million to bring the Rift to market

Oculus VR, creators of the Rift virtual reality (VR) goggles, closed on a $75 million round of funding from Andreessen Horowitz to bring its product to mainstream consumers, according to Venturebeat. Spark Capital, Matrix Partners andĀ Formation|8 also participated, andĀ Oculus VR previously raised more than $2.4 million in 2012 on Kickstarter. The new money, along with the full-time focus of game icon John Carmack, is a big investment in not only bringing consumer VR to market, but also to make it a viable place for games — not just a one-off novelty product.