Netscape founder among backers

Oculus Rift makers receive $75 million in funding

The company behind the Oculus Rift has been given $75 million (£46 million) in funding.

Among those who donated the money was Marc Andreesen’s venture capital firm Andreesen Horowitz. Andreeson is best known as the founder of Netscape.

Other companies who contributed include Spark Capital, Formation8 and Matrix Partner.

“Over the past 16 months, we’ve grown from a start-up to a company whose virtual reality headset is poised to change the way we play, work and communicate,” said CEO of Oculus VR, Brendan Iribe.

“40,000 developers and enthusiasts, as well as a number of great partners, have joined our cause and helped us bring the seemingly impossible to life.”

“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.”

A consumer model of the Rift is expected for a 2014 release.

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