Virtual reality is all the rage in the tech world, and its recent explosion at the Sundance Film Festival demonstrated its serious mass-market appeal. But, so far, no one company has jumped to the front of the pack when it comes to VR video. Capturing real-life worlds for 360-degree, multi-focus film presents a number of challenges to movie makers. Lytro CEO Jason Rosenthal tells Re/code, "Light-field is really the perfect solution for this."

Lytro still plans on releasing its third-generation camera next year, a device that we noted "should be pretty intriguing," considering the technological advances and ergonomic missteps of the Illum.