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Virtuix Secures $2.7 Million for Omni Development in Latest Investment Round

2015 is set to be a big year for start-up company Virtuix as it prepares to reveal the final consumer version of its Omni omnidirectional treadmill for virtual reality (VR) videogames and experiences. Earlier in 2014 the company secured $3 million USD in investments to go towards developing the Omni. Today, Virtuix has announced a new round of funding that has raised a similar amount for its continued operations following the launch of the device.

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Virtuix has raised another $2.7 million in funding from groups such as Radical Investments, Scout Ventures, Scentan Ventures, Western Technology Investment, Tekton Ventures, 2020 Ventures, and other private investors. The money will help the company to fund working capital and accelerate its research and development into all aspects for VR. Guitar Hero developer Red Ocatine co-founder Kai Hung and former Activision CEO Mike Griffith will also be coming on board as advisors.

“Virtuix’s mission is to take virtual reality beyond the chair,” Virtuix CEO Jan Goetgeluk said of the funding announcement. “The Omni transforms VR into an active experience. These funds ensure that we can accelerate development of that mission beyond our upcoming commercial launch.”

The final consumer version of the Omni will debut at the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada on 6th – 9th January 2015. Units are to start shipping out soon, with those the pre-order the device now to receive kits in April and those that got orders in earlier to get them beforehand. Recently Virtuix revealed that, along with the Oculus Rift PC head-mounted display (HMD), the Omni will be company with Samsung’s Gear VR smartphone-based HMD for an untethered experience.

VRFocus will continue to follow both Virtuix and the Omni, reporting back with any further updates on them.