Virtuix Omni Net Worth
Virtuix Omni is a virtual reality gaming company that appeared on Shark Tank and was valued at $20 million. Its current net worth is unknown as of 2022. Despite being rejected by investors, the company has experienced tremendous growth.
What is Virtuix Omni and Who is the Founder of Virtuix Omni?
The Virtuix Omni is a treadmill simulator that allows for omnidirectional movement and is designed for use with virtual reality games and other applications. To replicate locomotion, the treadmill employs a platform that requires special shoes or shoe coverings and a friction-reducing surface.
The founder of Virtuix Omni is Jan Goetgeluk, who left his job in investment banking to focus on the idea.
He invested 12 months of his time and $200,000 of his own money to create a prototype, which initially used fake shoes and Inject software to detect movement instead of the sensor technology that is part of the final product.
The Virtuix Omni works in conjunction with the HTC Vive to enable users to walk inside a limited selection of games. In 2013, Jan Goetgeluk filed a patent application for his Locomotion System and Apparatus.
The Omni prototype was showcased at the 2013 Electronic Entertainment Expo in Los Angeles, California, and received coverage from various electronic magazines, including Engadget and The Verge.
In June 2013, Virtuix started a Kickstarter campaign to raise funds for manufacturing, and it was quickly sponsored by Palmer Luckey, the inventor of Oculus Rift. Within three and a half hours of the campaign’s launch, it had surpassed its $150,000 funding goal.
When the campaign ended, it had raised a total of $1.1 million, making it one of the top ten largest technology crowdfunding efforts at that time.
Summary Table: Virtuix Omni Shark Tank
| INFORMATION | DETAILS |
| Company name | Virtuix Omni |
| Founder | Jan Goetgeluk |
| Product | Treadmill simulator for omnidirectional movement in virtual reality gaming |
| Patent filed | Locomotion System and Apparatus |
| Funding sources | Kickstarter, private and institutional investors, crowdfunding |
| Shark Tank pitch | Requested $2 million in exchange for 10% of the company, valuing it at $20M |
| Shark Tank result | Did not receive a deal |
| Seed funding raised | $3 million |
| Latest product design | “Omni One” VR treadmill for the home |
| Current sales model | Commercial model, no longer selling to retail consumers |
| Competitors | Klang Games, First Contact Entertainment, Survios, ForeVR Games |
| Current net worth | Unknown, but has raised a total of $35 million from private and institutional investors |
| Revenue | $9 million annually |
| Other developments | Developed Omni Arena, a compact enclosed space with multiple treadmills |
Virtuix Omni Shark Tank pitch
After raising over $1 million on Kickstarter, Jan Goetgeluk went on Shark Tank to pitch his virtual reality technology. He requested $2 million in exchange for 10% of the company, valuing it at $20 million.
Goetgeluk explained that the Virtuix Omni is an omnidirectional treadmill that allows gamers to move freely within virtual reality games using specially designed shoes. Despite skepticism from the Sharks, Goetgeluk had sold 3,000 units during the Kickstarter campaign and was selling the product for $499 on his website.
However, the Sharks ultimately declined to invest due to concerns about market competition, lack of interest from gamers, and the product’s large size.
After leaving the show empty-handed, Virtuix Omni secured funding from other investors, including Mark Cuban, and raised $3 million in seed funding.
The company continued to develop and improve the product, introducing the Omni Arena in 2019, a small enclosed space with multiple treadmills. The company raised an additional $19 million through crowdfunding in 2021 and is currently exploring new harness designs to improve player stability within the Omni Ring.
Competitors of Virtuix Omni
The company has many competitors and including; Klang Games, First Contact Entertainment, Survios, and ForeVR Games.
Net Worth of Virtuix Omni
During the pitch, the company valuation was estimated at $20 million, and currently has made a lot of sales with also investment in other ventures have invested from the company and therefore the value has increased in 2021.
Virtuix Omni Shark Tank Updates
Virtuix Omni is a virtual reality platform that allows users to play video games on an omnidirectional treadmill and feel like they are in the game.
The Virtuix Omni was introduced on Shark Tank in 2013, where the founder, Jan Goetgeluk, asked for $2 million in exchange for 10% of the company, but did not receive a deal.
The Virtuix Omni raised $1.1 million on Kickstarter and has since raised $35 million from private and institutional investors.
In October 2020, Virtuix revealed the latest design of their omnidirectional treadmill, called “Omni One”. The Omni One is a return to Virtuix’s original vision of providing a VR treadmill for the home.
It is designed to be offered as both a separate “dev kit” and as a bundle with a standalone VR headset. The choice of the headset has not been finalized, but their promotional video shows a Pico Neo 2. The Omni One allows for greater freedom of movement for the user’s arms, enabling crouching, kneeling, and jumping.
As of August 2021, Virtuix had raised $19 million in crowdfunding, plus more money from Mark Cuban, to release the Omni One. The company was supposed to release the home version in the second quarter of 2021, but it has not been released yet.
The company has shifted entirely to a commercial model and is no longer selling to retail consumers.
The company has developed the Omni Arena, a compact, enclosed area with several of the Omni treadmills in it, which can be found at Dave and Busters and Sky Zone, and other venues.
As of July 2022, the company had opened its 60th Omni Arena at Xtreme Action Park in Fort Lauderdale, Florida. The annual revenue of the company is $9 million.
Virtuix Omni FAQs
What Is Virtuix Omni Shark Tank?
Virtuix Omni is a virtual reality platform that allows gamers to walk within the game environment in which they are playing.
It is essentially a multi-directional treadmill that interfaces with Razer Hydra motion sensing game controllers and Oculus Rift virtual reality gaming glasses to give a video gamer complete immersion in any game with a keyboard interface.
The Virtuix Omni base, along with specially designed shoes, allow gamers to move freely inside a computer game environment, allowing players to walk, run, jump, crouch, or strafe or perform any other movement programmed into a game’s keyboard interface.
Virtuix Omni appeared on Shark Tank in December 2013, where it raised $1,109,351 on Kickstarter. The valuation of Virtuix Omni was $20 million when it appeared on Shark Tank, and its net worth is unknown as of 2022.
How Does Virtuix Omni Shark Tank Works?
Virtuix Omni is an omnidirectional treadmill simulator for virtual reality games and other applications. It uses a platform to simulate locomotion, requiring both special shoes or shoe covers and a surface that reduces friction.
The Virtuix Omni base, along with specially designed shoes, allows gamers to move freely inside a computer game environment, allowing players to walk, run, jump, crouch, or strafe or perform any other movement programmed into a game’s keyboard interface.
The Virtuix Omni works in conjunction with the HTC Vive, and allows a Vive user to walk within a limited number of games.
It interfaces with Razer Hydra motion sensing game controllers and Oculus Rift virtual reality gaming glasses to give a video gamer complete immersion in any game with a keyboard interface.
When secured on the platform and paired with a VR headset, the user enjoys a fully immersive experience.
Jan Goetgeluk, the inventor of Virtuix Omni, brought his virtual reality company to Shark Tank and asked for $2 million dollars in exchange for 10% of the company. However, he did not receive a deal from the Sharks.
What Happened To Virtuix Omni After Shark Tank?
Virtuix Omni is a virtual reality platform that allows users to play video games on an omnidirectional treadmill and feel like they are in the game.
The company appeared on Shark Tank in 2013, seeking $2 million in exchange for 10% of the company, but walked away without a deal. However, the company has experienced tremendous growth since then.
As of August 2021, the company had raised $19 million in crowdfunding, plus more money from Mark Cuban, to release the Omni One. The company has shifted entirely to a commercial model and is no longer selling to retail consumers.
In 2019, Virtuix Omni developed the Omni Arena, a compact, enclosed area with several Omni treadmills in it. They can be found at Dave and Busters and Sky Zone and other venues.
As of July 2022, the company had opened its 60th Omni Arena at Xtreme Action Park in Fort Lauderdale, Florida. The Omni One is still available as a “pre-order” item at this time.
The company was supposed to release the home version in the second quarter of 2021, but it has not been released yet. The annual revenue of the company is $9 million.
The current net worth of Virtuix Omni is unknown as of 2022, but the company was valued at $20 million when it appeared on Shark Tank. Despite being rejected by investors, the company has experienced tremendous growth.
Is Virtuix Omni Shark Tank Still In Business?
Virtuix Omni is a virtual reality platform that allows users to play video games on an omnidirectional treadmill and feel like they are in the game.
The platform requires special shoes or shoe covers and a surface that reduces friction to simulate locomotion, such as walking, running, jumping, crouching, or strafing.
The Virtuix Omni works in conjunction with virtual reality headsets, such as the HTC Vive and Oculus Rift. The company was founded by Jan Goetgeluk, who presented the Virtuix Omni on an episode of the TV show Shark Tank in 2013.
During the Shark Tank episode, Goetgeluk failed to obtain funding from the Sharks after asking for $2 million for 10% of the company. However, Shark Tank investor and billionaire Mark Cuban invested in Virtuix after the airing of the show.
As of August 2021, the company had raised $19 million in crowdfunding, plus more money from Mark Cuban, to release the Omni One. The company has shifted entirely to a commercial model and is no longer selling to retail consumers.
In July 2022, the company opened its 60th Omni Arena at Xtreme Action Park in Fort Lauderdale, Florida, and the Omni One is still available as a pre-order item. The annual revenue of the company is $9 million.
What Is The Current Valuation Of Virtuix Omni After Shark Tank?
Virtuix Omni is a virtual reality gaming company that produces an omnidirectional treadmill simulator for virtual reality games and other applications.
The company appeared on Shark Tank in 2013, where Jan Goetgeluk pitched his company and failed to obtain funding from the Sharks after asking for $2 million for 10% of the company. However, Shark Tank investor and billionaire Mark Cuban invested in Virtuix after the airing of the show.
According to, Virtuix Omni has a net worth of around 20 million USD as of 2023. Since appearing on Shark Tank, Virtuix Omni has experienced tremendous growth and success.
They have secured additional funding and partnerships, leading to an estimated net worth of 19 Million USD. However, states that the current net worth of Virtuix Omni is unknown as of 2022.
In 2016, the company tested the waters under Regulation A for a potential offering of shares to the public.
Recently, Virtuix Omni inked a deal with Dave & Buster’s and raised $20 million in funding. Despite being rejected by investors on Shark Tank, the company has experienced tremendous growth.
Who is the founder?
Jan Goetgeluk founded Virtuix Omni in will have its based in Austin, Texas.
What is their offer on Shark tank?
Jan Goetgeluk enters the Shark Tank pitch looking for $2 million for 10% ownership shares in his firm, valuing the company at $20 million during the pitch.
Did he get the deal?
No, he didn’t get an offer from the Sharks and went on to launch a Kickstarter campaign for $150,000 and he gets half of it and raise $1 million.
What happened to the Omni thereafter?
The company has raised $19 million in Crowdfunding and has launched the Omni, which is a small enclosed space that houses many Omni treadmills.
In what industries does Virtuix Omni work?
The product is being developed to support virtual reality gaming on both the desktop and mobile platforms. It has clear applications in film and television and AR and VR.
When can I buy my Virtuix Omni?
Right now, the Omni can be preordered for $499.
How does it work?
The system uses special shoes, which are attached to a ring-shaped moving platform. The feet are fitted with sensors so that computer games can track players’ movements and translate them into actions within the game.
Games using the Omni have been shown to include virtual reality headsets, such as the Oculus Rift. The system also includes a control box that can be used to move within the game.
How is the business model?
The product comes with a licensing agreement that allows both hardware and software developers to use the product for their games. Patents are also being used to protect the Omni’s design.
Is the company profitable?
Yes, the company is currently profitable.
Is the product safe to wear?
The Omni’s design features an internal ring, which allows the user to freely move around while standing up. The cushioning system ensures that users do not bump into anything while standing up.
What other products does the company offer?
Jan Goetgeluk also offer another gaming accessory called, HÜrtz Stuffs (2012), that is available for $39.95 on Amazon and it gets excellent reviews.
What are the pros?
The system is affordable compared to other gaming accessories. The platform offers a realistic gaming experience due to its flexibility.
What are the cons?
Lack of space is a major drawback for many users, which is one of the factors that prevent them from buying this product.
The Oculus Rift has been designed specifically to be used in conjunction with this product, but there is concern about whether it will be compatible with other models.
What are the alternatives?
Although these gaming accessories are not suitable for gamers who prefer to sit down in virtual reality, there are other similar products that you could consider.
What’s the company outlook?
They should know that with the many competitors in this market, it’s tough to predict how well Virtuix Omni will do. The company will most likely find several applications for the product, which could help boost sales over time.
The method and an apparatus for providing virtual reality walking or running, experience without a physical walking or running surface.
Is it legit?
Yes, the company is legit.
Are they taking applications?
Yes, User can apply on their website. https://www.virtuix.com/apply
Are there any hidden charges?
No, it’s 100% free.
