VR Treadmill Company Virtuix Secures Additional $3M in Crowdfunding, Reaching $200M Valuation

Ugh, okay, buckle up. This is gonna be a ride. So, ever heard of Virtuix? No? Well, neither had I until I stumbled across their latest shenanigans. They’re that VR treadmill company—you know, the ones everyone’s raving or ranting about. Or maybe not. I mean, who keeps track?

So apparently, they decided to get all crowd-investy last year. Yeah, they pulled this big campaign thing on StartEngine or something. The result? A cool $3 million in the pocket. Over 1,300 investors jumped in—like moths to a flame, huh? It’s kind of wild when you think about it, but also… not?

Right, so that’s Phase Two of their investment thingy—Series B-2, because why not use fancy labels, right? The grand tally? Over $18 million from this whole B series round. Honestly, it feels like Monopoly money to me.

Oh, but wait, there’s more. Omni One. Their darling, all-ready-for-your-living-room contraption—priced at a casual $3,495 if you want the optional headset. That’s about the price of a slightly beat-up used car, but hey, at least you walk in place.

And here’s a twist: they’re pitching this Omni One as a training setup for the military too. I mean, picturing soldiers jogging on VR treadmills, gear and all, sounds like sci-fi, but also kinda cool. Or absurd. Depends on your mood, really.

They teamed up with the U.S. Air Force, no less. Apparently now soldiers can prance around 360 degrees in virtual terrains. It’s called the Omni Mission Trainer. Or OMT if you’re into abbreviations. Imagine like 12+ troops at it. Probably quite the sight.

With the funding round buttoned up, they’re sitting on a $201.13 million valuation. Yeah, that’s a weirdly specific number. But who’s counting? Not me. Something about pre-IPO share prices at $6.22 each… Like, does anyone actually get this stuff? Only finance geeks, I guess.

They’ve been around since 2013. Kicked things off on Kickstarter. Raised a humble $1.1 million back then. Classic origin story. And get this—they roped in big names like Mark Cuban. I mean, why not have a billionaire on your side, right?

Here’s a kicker, they’ve sold over $18 million in goodies to the likes of Dave & Buster’s. That’s a lot of VR-ing around. And oh, fun fact, they’ve got 400,000 registered players. That’s like, a small city hooked on their stuff.

Supposedly they can churn out about 3,000 units a month, according to them. Impressive or just marketing fluff? Eh, who knows.