![]() The deal includes $400 million in cash and 23.1 million common shares of Facebook, valued at $1.6 billion, as well as additional $300 million assuming Facebook reaches certain milestones. would be acquiring Oculus for United States dollar 2 billion, pending regulatory approval. Facebook Acquisition and Chief Scientist DesignationĪlthough Oculus had only released a development prototype of its headset, on March 25, 2014, Mark Zuckerberg announced that Facebook, Inc. In total, Oculus VR has raised $91 million with $2.4 million raised via crowdfunding. On December 12, 2013, Marc Andreessen joined the company's board when his firm, Andreessen Horowitz, led the $75 million Series B venture funding. Within four hours of the announcement, Oculus secured its intended amount of United States dollar $250,000, and in less than 36 hours, the campaign had surpassed $1 million in funding, eventually ending with $2,437,429. ![]() Both versions were intended to include Doom 3 BFG Edition, but Rift support in the game was not ready, so to make up for it they included a choice of discount vouchers for either Steam or the Oculus store. There was also a limited run of 100 unassembled Rift prototype kits for pledges over $275 that would ship a month earlier. Oculus announced that the "dev kit" version of the Oculus Rift would be given as a reward to backers who pledged $300 or more on Kickstarter, with an expected shipping date set of December 2012 (though they did not actually ship until March 2013). On August 1, 2012, the company announced a Kickstarter campaign to further develop the product. Funding for Oculus Rift and Companyįollowing the demonstration of the Oculus Rift prototype at E3 in June 2012. Carmack later left id Software as he was hired as Oculus VR's Chief technology officer. The unit featured a high speed IMU and a 5.6-inch (14 cm) LCD, visible via dual lenses that were positioned over the eyes to provide a 90 degree horizontal and 110 degree vertical stereoscopic 3D perspective. ĭuring the convention, Carmack introduced a duct taped head-mounted display, based on Palmer's Oculus Rift prototype, which ran Carmack's own software. After sampling an early unit, Carmack favored Luckey's prototype and just before the 2012 Electronic Entertainment Expo (E3), id Software announced that their future updated version of Doom 3, Doom 3 BFG Edition, would be compatible with head-mounted display units. Ĭoincidentally, John Carmack of id Software had been doing his own research on HMDs and happened upon Palmer's developments as a fellow MTBS member. To develop the new product, Luckey founded Oculus VR with Scaleform co-founders Brendan Iribe and Michael Antonov, Nate Mitchell and Andrew Scott Reisse. Through MTBS's forums, Palmer developed the idea of creating a new head-mounted display that was both more effective than what was currently on the market and was also inexpensive for gamers. FoundingĪs a head-mounted display (HMD) designer at the University of Southern California Institute for Creative Technologies, Palmer Luckey earned a reputation for having the largest personal collection of HMDs in the world, and was a longtime moderator in Meant to be Seen (MTBS)'s discussion forums. The original Oculus Rift (previously referred to as "CV1"), the first commercial VR headset released by Oculus VR. In June 2019 Oculus announced it sold $5 million worth of content for the Oculus Quest in just 2 weeks. Zuckerberg would like to have 1 billion virtual reality headsets in consumers' hands. The company partnered with Samsung to develop the Samsung Gear VR in November 2015 for the Samsung Galaxy smartphones. In 2015, Oculus acquired Surreal Vision, a British startup focused on 3D reconstruction and mixed reality, stating that it could be possible for Oculus to develop products with the concept of telepresence. acquired Oculus for United States dollar 2.3 billion in cash and stock. The consumer product was released on Mawith an all-new design incorporating specialized VR displays, positional audio, and infrared tracking system. Two pre-production models were released to developers the Oculus VR DK1 (Development Kit 1) and Oculus VR DK2 (Development Kit 2). The campaign proved successful and raised $2.4 million, ten times the original goal of $250,000. In April 2012, Luckey announced the Rift, a virtual reality headset designed for video gaming, and launched a Kickstarter campaign in August to make virtual reality headsets available to developers. It specializes in virtual reality hardware and software products. Founded by Palmer Luckey, Brendan Iribe, Michael Antonov and Nate Mitchell in July 2012 in Irvine, California, now based in Menlo Park. Oculus is a brand of Facebook Technologies, LLC, a subsidiary of Facebook Inc.
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