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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.
The Rift is a virtual reality head-mounted display developed by Oculus VR. It was initially proposed in a Kickstarter campaign, during which Oculus VR (at the time an independent company) raised US$2.5 million for the development of the product.The Rift will be released in the first quarter of 2016, making it one of the first consumer-targeted virtual reality headsets.n May 6, 2015 Oculus VR announced that the consumer version of the Rift will ship in the first quarter of 2016 with pre-orders starting in late 2015.