Oculus Rift – A virtual reality head-mounted display developed by Oculus VR. During its period as an independent company, Oculus VR raised US$2.4 million for the development of the Rift.
The consumer version of the product will be released in Q1 2016. Based on the Crescent Bay prototype, it features an improved tracking system that accommodates seated and standing experiences, according to Oculus VR, along with updated ergonomics and a tweaked industrial design. Oculus released two ‘development kits’, DK1 in late 2012 and DK2 in mid 2014, to give developers a chance to develop content in time for the Rift’s release; these have also been purchased by many virtual reality enthusiasts for general usage. Oculus has stated that there will not be a DK3 but will instead release the consumer version next.