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Oculus VR. Oculus VR (simply known as Oculus) is an American technology company founded by Palmer Luckey in June 2012 in Irvine, California, now based in Menlo Park. It specializes in virtual reality hardware and software products.
It's not quite ready for primetime yet, but is almost there-and the Oculus Rift headset finally delivers on the long awaited promise of virtual reality. The Oculus Rift consumer model, which does not have a release date yet, will be offered for around $200-$400, according to Oculus VR co-founder Nate Mitchell.