Oculus VR

Oculus VR

Founded in 2012 by Palmer Luckey and Brendan Iribe, Oculus VR is a virtual reality technology company. Its first product, still in development, is the Oculus Rift, a head-mounted display intended for immersive virtual reality (or VR).

After the demonstration of the Oculus Rift prototype at the 2012 Electronic Entertainment Expo (E3), the company announced a Kickstarter campaign; Oculus VR secured its intended amount, $250,000, within four hours and surpassed $1 million in less than 36 hours, eventually ending the campaign with $2,437,429.

In March 2014, Mark Zuckerberg announced that Facebook intended to acquire Oculus VR; the deal closed in July 2014 for $2 billion.


Oculus VR Stories

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