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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.
Facebook Buys Oculus, Virtual Reality Gaming Startup, For $2 Billion. Facebook isnât just buying into mobile messaging â itâs also going for gaming. In a Tuesday afternoon shocker, Facebook announced it is buying hot virtual reality gaming company Oculus VR for $2 billion. That includes $400 million in cash and 23.1 million shares of Facebook stock.