Facebook acquired Oculus VR—creator of the forthcoming Oculus Rift virtual reality headset—for approximately $2 billion.
Following the demonstration of the Oculus Rift prototype at E3 in June 2012, on 1 August 2012 the company announced a Kickstarter campaign to further develop the product. Within four hours of the announcement, Oculus secured its intended amount of US$250,000 and in less than 36 hours, the campaign had surpassed $1 million in funding, eventually ending with $2,437,429.
On December 12, 2013, Marc Andreessen joined the company's board when his firm Andreessen Horowitz led the $75 million Series B venture funding.
The headset, designed by 21-year-old Palmer Luckey, has been available as a developer kit since March 2013. So far it’s primarily been used for video games.
NBF - They need to fix the problem of the virtual reality headset generating nausea in many users.
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Following the demonstration of the Oculus Rift prototype at E3 in June 2012, on 1 August 2012 the company announced a Kickstarter campaign to further develop the product. Within four hours of the announcement, Oculus secured its intended amount of US$250,000 and in less than 36 hours, the campaign had surpassed $1 million in funding, eventually ending with $2,437,429.
On December 12, 2013, Marc Andreessen joined the company's board when his firm Andreessen Horowitz led the $75 million Series B venture funding.
The headset, designed by 21-year-old Palmer Luckey, has been available as a developer kit since March 2013. So far it’s primarily been used for video games.
NBF - They need to fix the problem of the virtual reality headset generating nausea in many users.
Read more »
