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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.
Release date: March 2016. Oculus' vision of virtual reality has been in the works for years and is arguably the best-known example of what VR technology can do. The final version of the Oculus Rift is right now and costs $599, Â£499 or AU$649. Oculus will also work with Microsoft's Xbox One console.