Pathfinder Program Update
Our Pathfinder Program continues without major hiccups. No showstopper hardware issues have been reported thus far. In a recent survey, more than 80% of our Pathfinders stated that they no longer wanted to experience VR without the Omni or would use the Omni for most VR sessions. They reported that the level of presence, engagement, and fun in VR is higher when using the Omni than with conventional VR. See a few recent home-made Pathfinder videos below:
Virtuix will continue the Pathfinder program in the coming weeks to ensure no issues come up before we kick our production in higher gear. At that time, we will be able to communicate a production and delivery schedule. Thank you for your ongoing patience and support.
VR eSports Tournament
At CES in January Virtuix organized the first ever VR eSports tournament, with four Omnis on stage and live shout casters calling the action as players battled each other in Omni Arena. Such an Active VR first-person shooter experience is only possible with the Omni. See a fun video below of the eSports event:
Virtuix will organize another VR eSports exhibition at the Game Developers Conference (GDC) in San Francisco in a few weeks!
$25 Million Testing-The-Waters
Our Testing-The-Waters campaign on SeedInvest has now collected more than $25 million of indications of interest from potential investors. We are getting ready to move forward with our round and will announce the exact launch date and size of our round soon. Stay tuned!
VR INDUSTRY DEVELOPMENTS
• AR headset developer Magic Leap raised a $794 million Series C round with participation from Alibaba and Google Ventures, valuing the company at $4.5 billion.
• VR neuro-technology company MindMaze received $100 million in funding from Hinduja Group, valuing the company over $1 billion.
• VR startup WEVR raised $25 million in funding from HTC and Samsung Ventures to launch a VR distribution and discovery platform.
• Google is working on a new virtual reality headset to hit the market this year, along with VR software for the Android mobile operating system.
• Rumors are getting stronger that Apple is developing its own virtual reality headset.
Thank you for your continued patience and support, and as always please join us on our Forums if you’d like to discuss this update or anything VR related:
Jan and the Virtuix Team
Legal Disclaimer: Virtuix Holdings, Inc. (“Virtuix”) is “testing the waters” to gauge market demand from potential investors for an Offering under Tier II of Regulation A. No money or other consideration is being solicited, and if sent in response, it will not be accepted. No sales of securities will be made or commitment to purchase accepted until qualification of the offering statement by the Securities and Exchange Commission and approval of any other required government or regulatory agency. An indication of interest made by a prospective investor is non-binding and involves no obligation or commitment of any kind. No offer to buy securities can be accepted and no part of the purchase price can be received without an offering statement that has been qualified by the Commission. A preliminary offering circular that forms a part of the offering statement has been filed with the commission, a copy of which may be obtained fromwww.seedinvest.com/virtuix.