Virtuix announced that it has raised over $19 million from more than 6,500 investors in its Series A-2 financing round. Virtuix will use the proceeds to launch Omni One, an omni-directional treadmill for the home that lets players walk and run inside popular games and virtual worlds.
Virtuix’s “Omni” technology takes virtual reality to the next level by delivering the feeling of physically moving in VR. The treadmill’s 360-degree experience enables players to walk or run in any direction inside their favorite videogames. Backed by Mark Cuban and other major investors, Virtuix has shipped over $10 million worth of commercial Omni systems to entertainment venues in 45 countries, including top locations like Dave & Buster’s. Virtuix’s upcoming product, Omni One, is a consumer version of the Omni treadmill optimized for the home.
Virtuix worked with SeedInvest, an online investment platform, to complete its Series A-2 financing round, which included a fundraising campaign under SEC Regulation A (“Reg A”). Reg A allows qualified private companies to sell shares to non-accredited investors. Virtuix’s Reg A campaign allowed anyone to purchase shares in Virtuix, and the minimum investment was only $1,000. More than 6,500 investors participated in the round.
“We’re impressed by the outpouring of investor support for Omni One,” said Goetgeluk. “More than two million players have experienced the thrill of walking around inside videogames at our commercial venues around the world. Given our success in the out-of-home market, our investors believe we’re well-positioned to bring our popular gaming experience to millions of homes around the world.”
Omni One is a complete entertainment system that includes an all-in-one VR headset and operating software for a seamless user experience. The system will feature its own game store with 30 titles at launch, including games developed by Virtuix alongside top titles licensed from third parties. Virtuix plans to sell Omni One for $1,995 (or $55 a month on a monthly payment plan). This pricing puts Omni One in line with mid-tier gaming PCs or connected fitness gear like a Peloton bike.