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VR Hardware Startup Virtuix Offered $32 million in Public Series A Funding

If you are a hardware startup, your life is very difficult. First, getting funding from traditional sources (Venture Capital, banks) is borderline impossible, as there’s always ‘an app for this and that’ that promises the world. Yet, we’ve seen sizable ‘wins’ with hardware startups which took the public route and seek out funding on crowdfunding websites such as Indiegogo or Kickstarter. Perhaps the best known publicly funded startup is Oculus, who gathered $2.44 million on Kickstarter. As we all know by now, the company was acquired by Facebook in a $2 billion, all-cash transaction. But, Oculus is far from being the only one. Several years ago, we attended

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