We are proud to announce that we raised $3 million in seed round funding from investors including Tekton Ventures, Scentan Ventures, Radical Investments, Maveron, Scout Ventures, StartCaps Ventures, and a group of private investors. The funds will enable us to grow our team and expand our mass production and distribution network as we get ready for our commercial launch this summer, ensuring that we can deliver a great virtual reality platform to you as well as to new markets and audiences that are emerging every day. Where our Kickstarter funds were aimed at developing the Omni and bringing the product to market, this latest round is designed to broaden our distribution and meet global demand as virtual reality becomes a mass market, new medium.
Tekton Ventures, a seed stage venture fund based in San Francisco, is one of the lead investors in our round. We met with Tekton in San Francisco and were impressed by their passion for virtual reality and their knowledge of this emerging space. Tekton is an excellent partner on our journey to achieve our “full virtual reality” goal. Jai Choi, Founder and Managing Partner of Tekton Ventures, gave the following statement for our press release: “We believe Virtuix’s virtual reality technology will not only disrupt the immersive gaming landscape but will enable even more useful, personal and entertaining experiences in areas beyond gaming: training and simulation, fitness, medical, military. The Omni is just scratching the surface to the possibilities and we’re honored to be working with Jan and the Virtuix team.”
We met with Maveron at GDC this year, where the Omni left Partner David Wu deeply impressed: “When I demoed the Omni at the Game Developers Conference this year, I glimpsed the future of virtual reality. The full body experience was so real that when I finished, my heart was pounding, my legs were tired, and I was completely transported into another world. This technology has the ability to deliver immersive experiences to consumers in a way never before possible.”
We believe this successful financing round does not only provide us with capital, but also with stellar partners that can help us take virtual reality to the next level. For your reference, you can read the full press release here.
Our TRAVR demo was a great hit at GDC. CNET stated: “The result left me sweating and mesmerized by how well the Omni actually works. Seriously, I am ready to throw my money at it.”
We made a new trailer of TRAVR in action with the Omni – check it out:
Watch also our Borderlands 2 video in use with the Omni:
We re-vamped our developers forum and are engaging with developers every day that are creating fascinating applications for the Omni. Join the discussions and learn more about how to use the Omni SDK for the creation of unprecedented Full VR experiences: http://forum.virtuix.com/
Our developer relations stretch worldwide. Last week, Jan was a keynote speaker at Unite China, Unity’s developers conference in Beijing.
For early access to our SDK, please contact Robert at email@example.com.
The successful funding of our seed round (our round was more than 95% over-subscribed) is a great validation of our journey since we launched our Kickstarter campaign last year. We are more excited than ever about the future of virtual reality and the important role the Omni will play in this rapidly emerging space. Thank you for your continued support and confidence. We are not cutting any corners and are set to bring a top quality Omni to market and into your hands this summer. Let’s get ready to enter a new world.
Jan and the Virtuix team