Omni VR Treadmill Makers Raise $3 Million in Seed Funding

April 24, 2014 - GamePolitics Staff

Virtuix has completed a $3 million round of seed investment that it says it will use to complete its Omni VR treadmill. You may remember the virtual reality treadmill from last year when its Kickstarter crowd funding campaign sought to raise $150,000 but ended up raising a whopping $1,109,351. The technology works with VR headsets to let players move around inside virtual environments. At present Virtuix has more than 3,000 preorders for the $500 Omni treadmills. The company plans to start shipping units to consumers this summer.

The seed funding round was led by Tekton Ventures and Maveron, with additional participation from Scentan Ventures, Radical Investments, Scout Ventures, StartCaps Ventures, and private investors.

"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," said Tekton founder and managing partner Jai Choi. "The Omni is just scratching the surface to the possibilities and we're honored to be working with Jan [Goetgeluk, Virtuix CEO] and the Virtuix team."

You can see the system in action in the Kickstarter pitch video to your left.

Source: GII


Comments

Re: Omni VR Treadmill Makers Raise $3 Million in Seed Funding

Hopefully the seed funding will drive down the price because they are not going to be successful at their present price point.

 
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