High Quality Content by WIKIPEDIA articles! The Oculus Rift is an upcoming high field of view (FOV) consumer-priced virtual reality (VR) head-mounted display (HMD). It is being developed by Oculus LLC, who have raised $2.4 million from a Kickstarter campaign. The company was founded by Palmer Luckey. The Oculus Rift has been endorsed by John Carmack, Gabe Newell, and others.