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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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New Magic Leap Video Tells Us Nothing About What the Company Is Working On

Road to VR

Born out of the founder’s lifetime love affair with sci-fi, surrealism, and a fortuitous road trip across the US, the story of Magic Leap’s founding reads like a beat generation novel about discovering magic in ordinary experiences. image courtesy Magic Leap. And that was the pretty humble origin.”

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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. Three years later it released HoloLens 2, which directly competes today against Magic Leap Two.

Strategy 361
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Inside Magic Leap, The Secretive $4.5 Billion Startup Changing.

AllThingsVR

Inside Magic Leap, The Secretive $4.5 All these wonders are illusions, conjured into being through the lenses of a “mixed reality” headset–the arcane invention of the startup called Magic Leap. Magic Leap has operated in extreme secrecy since it was founded in 2011. A different reality, in fact.

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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. Enter Magic Leap. Who Would Want to Buy?

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2016’s Record Breaking VR/AR Venture Funding Totals $1.8 Billion

Road to VR

Both median deal size and total number of deals in 2016 outpaced those in 2015, with a 58% increase in average deal size and 30% more deals, according to year-end analysis from Greenlight Insights of individual deals back to 2011. “In Encouragingly, there is a growing list of notable investors committed to the space.

AR 100