Spark Capital

Oculus Rift secures $16 million in funding


By: Eddie Makuch Virtual reality company Oculus VR has announced it has secured $16 million in venture capital funding, co-led by Spark Capital and Matrix Partners, with additional money from firms Founders Fund and Formation 8. The funds will be used to “accelerate” development of the Oculus Rift hardware, software, and services, the company said. Oculus began with a single mission: to put players inside the game,” said inventor Palmer Luckey. “This investment allows us to deliver immersive and affordable virtual reality []