Founded in early 2013 and with 31 employees, Virtuix is one of the pioneers of the recent rebirth of virtual reality (“VR”) and the leader in Active VR. Without the ability to move around in the virtual world, the user experience is static, restricted and can cause motion sickness. The Omni is the first of its kind motion platform that gives you the freedom to move around naturally and comfortably inside virtual worlds, delivering a crucial component needed to enable popular Active VR experiences like first-person shooters or virtual tourism.
Virtuix raised $1.1M via Kickstarter during the summer of 2013 and raised an additional $8MM from private and institutional investors including a series of Silicon Valley and global venture capitalists. Virtuix has pre-sold more than 4,000 Omnis to date and started delivering units to customers in December 2015. The Omni is compatible with leading virtual reality headsets and content.
Institutional investors that are participating in this round include Scentan Ventures, Western Technology Investment, Tekton Ventures, 2020 Ventures, and Scout Ventures.
What current Virtuix investors are saying*
- "We invested in Virtuix because they are the leader in Active VR with a revolutionary, first-to-market product and an incredibly talented team that are pioneering the current wave of VR innovation." - Ignacio Vilela, Investor, Startcaps Ventures
- "We invested in Virtuix because we view the Omni as a crucial component of VR that is necessary to enable the popular, Active VR experiences that consumers want. Virtuix is building a powerful platform that is attractive and valuable to other players in the emerging VR space." - Brad Harrison, Investor, Scout Ventures
- "Virtuix is transforming the inherently limiting seated or room-scale VR setup to a fun, engaging, and social Active VR experience. We invested in Virtuix because they are the Active VR category leader with a passionate and driven team that is determined to revolutionize VR gaming, fitness, and many other applications." - Noriaki Okubo, Investor, Scentan Ventures
- "When I demoed the Omni for the first time last year, I glimpsed the future of virtual reality. The full-body experience was so real that when I finished, my heart was pounding, my legs were tired, and I was completely transported into another world. The Omni technology has the ability to deliver immersive experiences to consumers in a way never before possible. We’re excited to be working with Jan and the outstanding Virtuix team, who have succeeded in bringing a revolutionary product to market." - David Wu, Investor, Maveron
- "We believe Virtuix’s virtual reality technology will not only disrupt the immersive gaming landscape but will enable even more useful, personal, and entertaining experiences in areas beyond gaming: training and simulation, fitness, medical, military. The Omni is just scratching the surface to the possibilities, and we’re honored to be working with Jan and the Virtuix team." - Jai Choi, Investor, Tekton Ventures
- "Virtuix are the pioneers of the Active VR category with a clear vision for an immersive and exciting VR experience that is not offered by anyone else. We invested in Virtuix because we believe in the VR market, the Omni product, and the Virtuix team." - Maurice Werdegar, Investor, Western Technology Investments
What Virtuix advisors are saying*
- "The Omni is creating an important new platform for first person shooters as well as for other types of games. I'm so impressed by the presence and adrenaline I feel throughout the experience. The Omni is a crucial link to deliver immersive first person VR play without causing motion sickness and I'm really excited to help Jan and his team explore how to keep driving the platform and attract more AAA content." - Mike Griffith, Advisor, Vice Chairman and Former CEO of Activision Publishing
"When I tried the Omni, I was very impressed. Active VR brings VR to life. Virtuix has created an Active VR platform that allows for true immersion, and its possibilities are limitless." - Kai Huang, Advisor, Founder and CEO of Red Octane, creator of Guitar Hero
*Disclaimer: The following individuals were not compensated in exchange for their testimonials. In addition, their testimonials should not be construed as and/or considered investment advice.
The Omni uses a proprietary, low-friction, concave platform that enables a smooth and natural gait. The Omni footwear contains proprietary low-friction pads that allow for an immersive walking and running motion on the Omni base. A robust support ring and untethered support harness provide both safety and versatility for rapid, unconstrained movement. Users are kept upright on the Omni thanks to the support ring and harness.
The Omni is compatible with almost all PC based and mobile head-mounted displays currently available or coming to market (such as the Oculus Rift, HTC Vive, Samsung Gear VR, and Google Cardboard). The device is compatible with almost any content that uses standard first-person gamepad input and is VR enabled.
Beyond the Omni hardware, Virtuix is developing software that tracks your physical metrics and usage such as steps taken, distance walked and calories burned. The company is also creating an online, social gaming functionality that includes online player profiles and gaming stats with universal leader boards and league standings.
Besides the consumer market, the Omni is receiving strong demand from several commercial markets, such as the military for training and simulation, the gym industry for exercise and fitness, the architecture and real estate industries for virtual walkthroughs, and the arcade industry for commercial VR entertainment.
We believe that virtual reality is the next big phase in human computer interaction. Over 150 million VR head-mounted displays are projected to be sold in the next 5 years. However, the VR experience is limited until you are able to move around freely inside the virtual world.
The Omni is the result of four years of design and testing. We built more than 10 different prototypes before finalizing the Omni’s design. We have filed 12 patent applications to date to protect the technology that powers the Omni, covering the product’s mechanical design, tracking hardware and software, and game input algorithms. Our first and major patent application, covering the Omni’s low-friction technology, has been allowed for issuance by the US Patent and Trademark Office.
We have built a strong community of people who share our vision. More than 3,300 people committed to the Omni Kickstarter campaign in the summer of 2013, and since then thousands more have pre-ordered the first edition of the Omni. We raised $8,000,000 to date from private and institutional investors, which has enabled us to bring a revolutionary product to market. We started production and shipping of the first units of our pre-order backlog in December 2015.
We are continuously working on improving the Omni’s design and reducing the product’s cost and physical footprint. Our team is aiming to develop a next generation Omni that has a size and price point that is in range for even more household consumers. Ultimately, our vision is to have an Omni be part of every Active VR setup both for home-use and for commercial applications such as arcades and out-of-home entertainment, training and simulation, education, virtual tourism, and health and fitness.
We are headquartered in Austin, Texas and have offices in Menlo Park, California and Zhuhai, China. Our 11-people, full-time Virtuix China team is led by our President and COO David Allan and ensures the quality of each Omni unit we manufacture and ship.
Frequently Asked Questions
"The SEC has qualified this offering" means the SEC has permitted Virtuix to offer for sale the securities described in the Offering Circular to investors such as you. The SEC is not judging the merits, accuracy, or completeness of the offering and information in the Offering Circular. Rather, the SEC is merely ensuring Virtuix has met all legal disclosure and regulatory requirements necessary to make these shares available to you.
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Virtuix. Once Virtuix accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Virtuix in exchange for your shares. At that point, you will be a proud owner in Virtuix.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
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To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Virtuix does not plan to list these shares on a national exchange or another secondary market. At some point Virtuix may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Virtuix either lists their shares on an exchange, is acquired, or goes bankrupt.
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This is Virtuix's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. You will also find a copy of the Virtuix's Offering Circular, which has been qualified by the SEC. The Offering Circular includes important details about Virtuix's fundraise that you should review before investing.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Virtuix’s profile and Offering Circular.