Virtuix raises $2.5 million with its mini IPO, which will go toward its Omni active VR system

by Albert Khoury | MARCH 26, 2016

Virtual reality allows you to experience anything a developer can come up with. Sights and sounds are brought directly into your headset, and you can just sit on the couch and take it all in. Controller support and other peripherals allow you to interact with your virtual world, but you can still remain mostly stationary. For those who want to immerse themselves further in the fantasy, there’s active VR. Virtuix’s Omni, a system that combines a treadmill, harness, and special shoes to give you a broad range of movement, allows you to run, backpedal, and even jump. Originally launched on Kickstarter in 2013, the company has now released a mini-IPO publicly, raising $2.5 million in the first 24 hours.

According to a press release, over 500 private investors, along with five institutional investors, have purchased shares, including 2020 Ventures, Scentan Ventures, Western Technology Investment, Tekton Ventures, and Scout Ventures.

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