The Tech Report spreads news that the company behind the Oculus Rift VR headset has secured $16 million in additional funding through Spark Capital and Matrix Partners, two investment firms. Last year the project already raised nearly $2.5 million via crowdfunding site Kickstarter, and Oculus explains the extra cash will be used to "accelerate the development of virtual reality hardware, software and services, ultimately creating a full virtual reality platform for consumers."
Oculus hasn't announced any consumer products yet. However, the developer kit can be ordered from the company's site for $300.
The goggles that come with the kit have a relatively low 1280x800 resolution—640x800 for each eye. Oculus had a new, 1080p prototype on display at the E3 expo last week, though. Polygon was impressed by the HD headset, which will reportedly serve as the basis for the first commercial unit. Unfortunately, there's no word on when the finished product might become available.