---
title: "Reality Labs: AI company profile, people and coverage"
description: "Reality Labs, formerly Facebook Reality Labs and Oculus VR, is a business and research unit of Meta Platforms that produces virtual reality (VR) and augmented reality (AR) hardware and software, including virtual reality headsets such as the Quest, and online platforms such as Horizon Worlds. In June 2022, several artificial intelligence (AI) initiatives that were previously a part of Meta AI were transitioned to Reality Labs."
canonical: https://monitor.paciva.ai/company-reality-labs
type: Organization
wikidata: Q16321326
wikipedia: https://en.wikipedia.org/wiki/Reality_Labs
website: https://www.oculus.com/
source: AI News Monitor
publisher: Paciva
license: CC BY 4.0 for this page's own layer; facts from Wikidata (CC0 1.0)
---

# Reality Labs

> Reality Labs, formerly Facebook Reality Labs and Oculus VR, is a business and research unit of Meta Platforms that produces virtual reality (VR) and augmented reality (AR) hardware and software, including virtual reality headsets such as the Quest, and online platforms such as Horizon Worlds. In June 2022, several artificial intelligence (AI) initiatives that were previously a part of Meta AI were transitioned to Reality Labs.

Read on the web: https://monitor.paciva.ai/company-reality-labs

## Facts

- Category: Artificial intelligence
- Country: United States
- Founded: 2020-01-01
- Headquarters: Menlo Park
- Status: subsidiary
- Website: https://www.oculus.com/
- Employees: 17,000 (as of 2022-01-01)
- Also known as: Oculus, Facebook Reality Labs, Facebook Technologies, Facebook Technologies, LLC, Oculus from Facebook, Oculus VR, Oculus VR, LLC, OculusVR, LLC
- Industries: software industry, electronics industry, virtual reality industry

## Accounts

- x: https://x.com/oculus
- github: https://github.com/OculusVR
- facebook: https://www.facebook.com/RealityLabs
- instagram: https://www.instagram.com/oculus

## Key people

- Palmer Luckey, founder (American founder of Oculus VR and inventor of the Oculus Rift)
- Andrew Bosworth, director (American computer scientist)
- John Carmack (American computer programmer and video game developer (born 1970))
- Michael Abrash (game programmer)

## Funding rounds

From Form D notices filed with the SEC. An amount sold is what the filing reports at the time of filing, not a valuation.

- 2016-05-16: Form D, USD 26 thousand sold of a USD 500 thousand offering, 1 investor ([filing](https://www.sec.gov/Archives/edgar/data/1674503/000167450316000001/))

## Revenue

- 2022-01-01: USD 2.2 billion (Wikidata)
- 2023-01-01: USD 1.9 billion (Wikidata)

## Ownership

Parent: [Meta Platforms](https://monitor.paciva.ai/company-meta-platforms.md)

## Products

- Gear VR
- Oculus Go
- Meta Portal
- Meta Quest
- Oculus Rift S
- Oculus Rift
- Meta Quest 2
- Horizon Worlds
- Ray-Ban Stories
- Meta Quest Pro

## Coverage on the Monitor

Every article, podcast, video and market the Monitor holds on Reality Labs, dated and linked to its publisher: https://monitor.paciva.ai/company-reality-labs#connections

## Sources

- Facts: Wikidata (CC0 1.0), https://www.wikidata.org/wiki/Q16321326, read 2026-11-11
- Summary: Wikipedia (CC BY-SA 4.0), https://en.wikipedia.org/wiki/Reality_Labs
- Filings: SEC EDGAR, https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001674503

Part of [AI Companies](https://monitor.paciva.ai/companies.md), the Monitor's directory of every AI company on file.