Oculus VR

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

After demonstrating the Oculus Rift prototype at the 2012 Electronic Entertainment Expo, the company announced a Kickstarter campaign; Oculus VR secured $250,000 within four 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.