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VR Treadmill Company Virtuix Raised Another $3M in Crowd Investments, Now at $200M Valuation
- Virtuix, a VR treadmill company, raised over $3 million in its Series B-2 round of crowd-based investments, bringing its total Series B funding to over $18 million.
- The investment campaign for Omni One, a consumer-focused VR locomotion device, attracted funds from more than 1,300 investors through StartEngine.
- Omni One is marketed as an at-home device but is expanding its use to military training programs with the introduction of the Virtuix Omni Mission Trainer (OMT).
- Virtuix OMT, created with the U.S. Air Force, enables soldiers to train physically in realistic 360-degree VR environments while carrying real weapons and equipment.
- After the recent funding round, Virtuix received a $201.13 million valuation, based in part on its pre-IPO stock price of $6.22 per share.
- Virtuix, established in 2013 through Kickstarter, has raised over $40 million in funding and counts investors like Mark Cuban, Maveron, and Scout Ventures.
- The company has sold products worth over $18 million to major clients, including Dave & Buster’s, and has 400,000 registered players.
- Virtuix claims its factory can manufacture up to 3,000 Omni One units monthly.
- The news was reported by Road to VR.
- Virtuix continues to innovate in the VR space with its consumer device Omni One and its military training system OMT.
- The company's valuation has increased to $200 million after the recent funding round.
- Virtuix stock is currently not publicly traded on major exchanges as it remains a privately held company.
- The successful funding rounds indicate investor confidence in Virtuix's vision and products.
- The company's ability to expand into military applications shows the versatility of its VR technology.
- Virtuix's growth trajectory and strategic partnerships are positioning it as a key player in the VR industry.
- Virtuix's achievements in fundraising, product sales, and market penetration reflect its steady progress and potential for further success.
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