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Oculus VR

Oculus VR

Oculus VR is an american virtual reality technology company founded in 2012 by Jack McCauley, Palmer Luckey, Brendan Iribe and Michael Antonov.

Oculus VR is an American virtual reality technology company that is headquartered in Menlo park, California and was founded in 2012 by Bredan Iribe, Jack McCauley, Michael Antonov, Nate Mitchell, and Palmer Luckey.

Funding
Series A

On June 17, 2013 Oculus VR completed their series A funding round with $16 million in funding from Spark Capital (lead investor), Matrix Partners (lead investor), Founders Fund, and Formation 8. The company plans on using their series A funding to hire more employees, primarily engineers.

Series B

On December 12, 2013 Oculus VR completed their series B funding round with $75 million in funding from Andreessen Horowitz (lead investor), Spark Capital, Matrix Partners, and Formation 8. At the time of announcing their series B funding, Oculus VR also announced Andreessen Horowitz will be joining their board of directors.

Acquired by
Facebook

On March 25, 2014 Oculus VR was acquired by Facebook for $2 billion. The CEO and founder of Facebook, Mark Zuckerberg, made the following statement regarding Facebook acquiring Oculus VR:

After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face -- just by putting on goggles in your home. Today's acquisition is a long-term bet on the future of computing.

Timeline

June 17, 2013
Oculus VR raises a $16,000,000 series A round from Formation 8, Founders Fund, Matrix Partners and Spark Capital.

Funding rounds

People

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LinkedIn

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Oscar Gonzalez
May 17, 2021
CNET
See who's texting you without taking off your headset.
Giovanni Colantonio
April 26, 2021
Digital Trends
Respawn Entertainment became the first game studio to win an Oscar thanks to Colette.
Sam Byford
April 26, 2021
The Verge
Colette, a short film featured in an Oculus VR game, has won this year's Academy Award for Best Documentary (Short Subject). It's the first time a video game industry project has won an Oscar.
Andy Greenberg
December 5, 2019
Wired
This animal liberation group actually wants to be put on trial. Their goal: force jurors to wear VR headsets and immerse them in the suffering of animals bound for slaughter.
Gareth Halfacree
September 26, 2019
feedproxy.google.com
Including Rift-replacement mode.

References

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