Oculus VR

Oculus VR

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

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

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Oculus VR Series A round
Series A round
16,000,000
June 17, 2013
Formation 8
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