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Texas-based virtual reality treadmill Virtuix Omni bags $3M in seed funding

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(Credit: Virtuix) This image file contains the company logo of Houston, US-based virtual reality treadmill maker Virtuix Omni.Virtuix Omni
April 25
6:30 AM 2014

Virtuix Omni has closed its seed funding at $3 million to commercialize its virtual reality (VR) treadmill. Tekton Ventures and Maveron led the round. Radical Investments, StarCaps Ventures, Scout Ventures, and other private investors also contributed to the financing, according to GameSpot.

Virtuix chief executive officer (CEO) Jan Goetgeluk said: "Virtual reality technology has finally caught up to the vision consumers have had for decades. The Omni transforms seated virtual reality into a fully immersive, active experience. These funds ensure that we can deliver a great virtual reality platform to our passionate existing community as well as to new audiences and markets that are emerging every day."

The omni-directional VR treadmill needs virtual reality headsets such as the Oculus Rift to function. The device lets its users perform basic exercises such as walking, running, and jumping within a 360-degree virtual setup, the report explained.

The Virtuix Omni was initially known when it raised $1.1 million in a crowdfunding campaign via Kickstarter in 2013. The firm claims to have pre-sold more than 3,000 units which will be shipped in summer. Customers can still preorder a VR treadmill from firm's website for $500, GameSpot detailed.

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