Oculus VR has secured $16 million in venture capital funding led by Spark Capital and Matrix Partners to “accelerate” development of Oculus Rift.
Several tech companies are rumored to be writing off investments in the studio, with expected returns sitting at 5-10 cents on the dollar
OK, be honest, who isn’t surprised that in this crazy, post-Bioshock world, a wealthy Libertarian invests in creating an isolationist space for the elite? Peter Thiel, creator of Paypal, hasn’t quite gone to the extent of building a complete city underwater, but he is planning on creating island micro-nations free from all national laws.
Thanks to a hefty $150 million investment raised from Japan’s Softbank, Zynga has announced a new Japanese studio, simply called Zynga Japan. The joint venture between Softbank and Zynga is based in Tokyo and will “tap into Japan’s rich history of gaming and leverage Softbank’s cutting edge mobile and Web technology to produce the best […]