Company Type: Enterprise Platform Developers
Coverage & Analysis from the Information Feed:
Summary: The company’s first product, the Oculus Rift Development Kit was released in 2013. The second installment of the Rift, the Development Kit 2, was released in 2014 and is available for purchase on Oculus.com. The company was founded by Palmer Luckey and veterans of RedOctane, developers of the acclaimed Guitar Hero series, Scaleform, the #1 user interface software in the gaming, and Gaikai, the cloud gaming company.
The Rift allows players to step into game. It produces a stereoscopic 3D experience with a huge field of view—110 degrees diagonally—so you don’t see the screen. It also overcomes the resolution and latency problems that have plagued previous VR headsets, where movement in the game lags behind movement of the head.
In addition, the Oculus SDK allows developers to work on building applications and products in the VR space compatible with many headsets. Finally, Oculus supports communities of developers and researchers, with a goal to make the consumer virtual, augmented, and mixed reality experiences that ship in five to ten years great. Virtual reality today is a vast, highly interdisciplinary research space that has only begun to be explored; Oculus is building a team capable of leapfrogging VR forward by bringing together researchers and engineers spanning a wide range of expertise, including:
- Computer vision
- Scene reconstruction
- Machine learning and optimization
- Software engineering
- Hardware engineering
- Social interaction
- Material sciences
- Perceptual psychology
- Oculus VR was purchased by Facebook for $2 billion, $400 million in cash and 23.1 million FB shares, as well as a further $300 million in incentive funding.
- Oculus was initially funded by a ~$2.5 million Kickstarter campaign, with over 9,000 backers.
Product / Service Offerings:
Oculus Rift: Headset that uses state of the art displays and optics designed specifically for VR. Its high refresh rate and low-persistence display work together with its custom optics system to provide incredible visual fidelity and an immersive, wide field of view. Rift’s advanced display technology combined with its precise, low-latency constellation tracking system enables the sensation of presence – the feeling as though you’re actually there. The magic of presence changes everything.
Oculus Touch: Hand gesture-based controller meant for use in immersive VR environments.