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Magic Leap Founder Rony Abovitz to Step Down as CEO

Road to VR

Magic Leap pivoted to the enterprise space recently after an extended lukewarm reception by consumers for its $2,300 AR headset. Abovitz released a statement on the Magic Leap blog explaining the move, saying that a change in his role was “a natural next step” to bringing about the next phase of the company.

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Microsoft’s Meandering XR Strategy Could Lead to Another Zune Moment

Road to VR

It had a compelling reason to exist, which is why Microsoft directly competed against iPod Touch over the course of three device generations before eventually giving up the goat in 2011 and discontinuing the third-gen Zune. Azure Cloud Platform competes alongside AWS and Google Cloud. Breaking the Zune Curse?

Strategy 361
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Magic Leap Raises $502 Billions Driven by Temasek

VRWorld

Magic Leap , the still-in-stealth-mode company developing an augmented-reality headset, announced that it has raised $502 million in Series D equity funding, led by Singapore investment firm Temasek Holdings. Magic Leap hopes to ship its first device to a small group of users within five months, people familiar have said.

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Magic Leap Could be a Great Strategic Acquisition

VRWorld

Since Magic Leap’s inception in 2011, there has been great innovation in the technology sector focused in the virtual reality (VR)/augmented reality (AR)/mixed reality (MR) space with Magic Leap trying to create a new hardware interface designs. Google discontinued the interface in January 2015.

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The IKEA of AR: Making Content Effortlessly, with EON Reality’s Dan Lejerskar

XR for Business Podcast

But we managed to navigate those water until I would say 2011, 2012, when the hardware became available for mobile devices. Small companies like Google, and eventually people like Facebook and others, and create this revolution. And we took that company to $250-million between 2008, 2009 to 2011. So this was before Oculus.

AR 78
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The IKEA of AR: Making Content Effortlessly, with EON Reality’s Dan Lejerskar

XR for Business Podcast

But we managed to navigate those water until I would say 2011, 2012, when the hardware became available for mobile devices. Small companies like Google, and eventually people like Facebook and others, and create this revolution. And we took that company to $250-million between 2008, 2009 to 2011. So this was before Oculus.

AR 78
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The YouTube of 3D Models, with Sketchfab CEO Alban Denoyel

XR for Business Podcast

My– So, Sketchfab is built on top of WebGL, which is the first web-based framework to display 3D graphics in the browser and WebGL was initiated by Mozilla back in 2011. Alban: Cedric started in 2011, I met him early 2012, and we officially launched in March 2012. Five years ago, we had Google Tango phones that did this.