Virtuix has raised $19 million in a financing round for its virtual reality treadmill, the Omni One. The treadmill lets users run inside popular video games. The company plans to use the money to develop its technology and launch its first product. It will initially sell the Omni One treadmill at $1,500.
Virtuix raises $19 million for virtual reality treadmill
Austin-based Virtuix is raising $19 million to produce the Omni One, a virtual reality treadmill that puts users inside a virtual world. The company’s crowdfunding campaign has received the backing of more than 6,500 investors, including Shark Tank star Mark Cuban. The company will use the money to create a consumer version of the Omni One that can be bought for $1,995 a month filmy4wep.
The virtual reality treadmill, dubbed the Omni One, will allow users to run inside popular video games. The company is planning to release this product sometime this year. The company launched a crowdfunding campaign on the online investing platform SeedInvest last year to raise the money needed to complete the project. The campaign allows investors to invest a minimum of $1,000, and the company will offer a 20% discount on the Omni One to the first 4,000 backers.
The Omni One is currently in development at Virtuix and is expected to be available later this year. The company has already raised more than $19 million in seed funding, and the company will use the money to develop the consumer version. It will be the first consumer VR treadmill and will be compatible with VR games.
The Omni One will sell for $1,995 and will include a VR headset. The developer kit will cost $995. The developer kit does not include a VR headset or access to the Omni game store. The company has also announced a monthly subscription to be able to play games on the Omni One roobytalk.
Company’s financing campaign
The new financing will help Virtuix continue its research and development of virtual reality applications. The company has also added two new advisors: Kai Huang, the co-founder of Red Octane and creator of the popular Guitar Hero series of games, and Mike Griffith, the former CEO and vice chairman of Activision Publishing.
The company’s game Omni One will feature its own game store with up to 30 titles when it launches. The games include Virtuix’s own games and some of the best-known third-party titles. The device will be available for $1,995 or $55 a month on a payment plan. This price makes it comparable to the price of mid-tier gaming PCs and connected fitness gear like Peloton bikes. The Omni One is designed for multiplayer gaming and socialization. It will let players play with friends from all over the world dydepune.
Virtuix is a technology company based in Austin, Texas. It has raised $19M in Series A-2 funding from investors, including more than 6,500 investors on SeedInvest. The company plans to use the funds to expand its product line, including the Omni One. The company has already shipped nearly four thousand Omni Pro systems to commercial venues around the world. Omniverse offers 24 VR games, as well as built-in esports competitions. The company’s games have already received over two million plays.
Virtuix’s product line was shown at the 2015 International CES. The company has been developing the Omni Treadmill for three years. The company had initially hoped to ship the first Omni Treadmills in September 2014, but it is behind schedule. Virtuix now plans to ship the first Omni treadmills by the first quarter of 2015.
The Virtuix 19m Series A2 treadmill offers a variety of workout options. The company has raised $3 million to develop this piece of fitness equipment. Although it hasn’t shipped yet, Virtuix says it will unveil the final hardware for the treadmill at CES 2015 in January. The company previously hoped to ship the treadmill by September, but has now revised its shipping schedule to the first quarter of 2015.
Virtuix is a long-time startup and has had its ups and downs. Founded in 2013, the company has shipped nearly four thousand Omni Pro systems to more than 500 commercial entertainment venues worldwide. The company’s proprietary Omniverse content platform has hosted more than two million games. The company has since received $35 million in funding. It plans to release its first consumer VR headset, called the Omni One, in late 2021.
Virtuix is a virtual reality game developer based in Austin, Texas. The new funding will be used to build out its consumer solution, as well as develop virtual reality applications. Virtuix recently partnered with online investment platform SeedInvest to complete its Series A2 financing round. In addition, it completed a Reg A fundraising campaign, which allows companies to offer shares to non-accredited investors. Anyone can purchase shares of the company, but the minimum investment is $1,000.
The company raised $3 million in April. Virtuix is behind schedule with shipping the Omni treadmill, but it hopes to show off its final hardware at CES in January. It had originally hoped to ship Omni treadmills by September 2014, but now plans to ship them in the first quarter of next year digitalpinas.
Virtuix is a startup with an impressive track record. The company began operations in April 2013 and has shipped nearly 4,000 Omni Pro VR systems to over 500 commercial entertainment venues around the world. Its Omniverse platform features 24 VR games and built-in esports competitions. More than two million people have played its VR games. In total, Virtuix has raised more than $35 million in venture funding.