Who own Oculus, one of the most popular virtual reality platforms in the world? Oculus is a virtual reality platform owned by Facebook Technologies, LLC.
It was founded by Palmer Luckey and Brendan Iribe in 2012; Oculus VR was acquired by Facebook in 2014 for US$2 billion.
Oculus has been at the forefront of developing and commercializing advanced immersive technologies that enable people to interact with digital media and artificial environments like never before.
A rapidly growing industry, virtual reality has become incredibly popular amongst consumers for its wide range of applications, from video gaming to professional training programs.
So who own Oculus and why? In this article we explore the history of the Oculus platform and cover some of their recent developments to see what makes this cutting-edge VR technology so successful.
Who Own Oculus?
Oculus is a virtual reality platform owned by Facebook Technologies, LLC. It was founded by Palmer Luckey and Brendan Iribe in 2012; Oculus VR was acquired by Facebook in 2014 for US$2 billion.
Oculus has been at the forefront of developing and commercializing advanced immersive technologies that enable people to interact with digital media and artificial environments like never before.
Overview of Oculus’ History and Development
Oculus was founded in 2012 by Palmer Luckey and Brendan Iribe.
The company quickly gained traction with the development of their first product, the Oculus Rift, a virtual reality headset that allowed users to experience immersive 3D environments.
In 2014, Facebook acquired Oculus for US$2 billion and has since been investing heavily in the platform’s development.
How Facebook Acquired Oculus
Since its acquisition by Facebook, Oculus has continued to develop and expand its product line. In 2016, the company released the Oculus Touch controllers, which allowed users to interact with virtual objects in a more natural way.
The following year, they released the Oculus Go, a standalone headset that didn’t require a PC or smartphone to operate.
In 2018, Oculus launched the Oculus Quest, their first all-in-one virtual reality headset. This device allowed users to experience a fully immersive VR experience without the need for external sensors or wires.
The Leadership Structure Behind Oculus Post-Acquisition
Since its acquisition by Facebook, Oculus has been led by Mark Zuckerberg as the Chairman and CEO of Facebook Technologies, LLC.
The company is also managed by Hugo Barra, who serves as the Vice President of Virtual Reality at Facebook.
The Benefits of Having Facebook as an Owner
Since its acquisition by Facebook, Oculus has been able to benefit from the social media giant’s vast resources and expertise. This has allowed them to develop and commercialize their products more quickly than they would have been able to do on their own.
Additionally, having a large parent company like Facebook provides Oculus with a greater degree of stability and security.
What Does the Future Hold for Oculus?
Oculus is continuing to develop and expand its product line. In 2019, the company released the Oculus Rift S, a more powerful version of their original headset. They also released the Oculus Quest 2, an even more powerful all-in-one headset that offers improved visuals and performance.
Looking ahead, Oculus is working on developing new technologies such as hand tracking and eye tracking that will allow users to interact with virtual environments in even more natural ways.
They are also exploring new applications for their technology, such as augmented reality and mixed reality.
Conclusion
Oculus is a virtual reality platform owned by Facebook Technologies, LLC. Since its acquisition by Facebook in 2014, Oculus has been able to benefit from the social media giant’s vast resources and expertise. This has allowed them to develop and commercialize their products more quickly than they would have been able to do on their own.
Looking ahead, Oculus is continuing to develop new technologies and explore new applications for their technology.
