Oculus initiated a Kickstarter campaign in 2012 to fund the Rift's development, after being founded as an independent company two months prior. The project proved successful, raising almost US$2. 5 million from around 10,000 contributors. In March 2014, Facebook purchased Oculus for $2 billion. In March 2017, after three years at the company, it was announced Oculus founder and creator Palmer Luckey was leaving Facebook.