The post-Oculus boom: Survios raises $4M for free-moving virtual reality

Oculus VR, the virtual-reality startup that Facebook bought for $2 billion, has some new company. Survios, a younger VR startup that is following in the wake of Oculus, has raised $4 million in funding so that it can fulfill its dream of building the ultimate VR system with both proprietary software and off-the-shelf hardware.

The funding, coming on the heels of a $3 million round for VR startup Virtuix and a $6.8 million round for immersive-video company Jaunt, shows that virtual reality is a hot category consisting of more than just one firm. Oculus is planning to release the low-cost Rift virtual-reality goggles in the near future. Companies like Survios, which is building its own VR experience, plan to thrive within the ecosystem that the Rift is expanding.