Ramzi Haidamus, president of Nokia Technologies claimed his Ozo product was the future of VR.
The virtual reality camera is equipped with eight synchronized global shutter sensors with matching integrated microphones to capture stereoscopic 3D video as well as immersive audio.
The included software enables real-time viewing in devices like the Oculus Rift.
Haidamus said that Ozo aims to advance the next wave of innovation in VR by putting powerful tools in the hands of professionals who will create experiences for people around the world.
"We expect that virtual reality experiences will soon radically improve the way people communicate and connect to stories, entertainment, world events and each other. With Ozo, we plan to be at the heart of this new world," he said.