Originally reported by GamesBeat, the $75 million comes from investment firms Andreessen Horowitz and will be put toward the creation of a consumer model of the Oculus Rift virtual reality headset.
“This additional infusion of capital, as well as the leadership and experience of Marc Andreessen, will help us take the final steps toward our ultimate goal: making virtual reality something consumers everywhere can enjoy,” Oculus Rift CEO Brendan Iribe said.
Andreessen, the firm’s co-founder, will receive a seat on the Oculus Rift board for the contribution.
“We believe Oculus will not only alter the gaming landscape, but will redefine fundamental human experiences in areas like film, education, architecture and design,” Andreessen said. “We’re incredibly excited to help them change the world.”
Further details into the finished consumer product are still yet to come, but the Oculus Rift will work for Android, Linux, Mac and PC.
Just last month Oculus Rift founder and inventor Palmer Luckey said that Microsoft and Sony next-gen consoles Xbox One and PlayStation 4 couldn’t handle the virtual reality headset. You can read more of that Examiner report by clicking here.