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Magic Leap Lays Off Sales & Marketing Amid Report of “last ditch” Pivot to License AR Optics

Road to VR

Storied AR headset unicorn Magic Leap has laid off its entire sales and marketing departments, making for around 75 jobs cut from its rolls. We will continue to actively support Magic Leap’s customers, developers and our large ecosystem through the Developer Support and Care teams.” The company has amassed nearly $4.5

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Magic Leap Reportedly Exploring The Possibility Of $10 Billion Sale

VRScout

Magic Leap is reportedly working closely with a financial advisor on exploring options to keep the doors of the AR startup open. If sold, Magic Leap could potentially receive more than $10 billion according to an unidentified source. The Florida based AR company jumped on every tech nerds radar when they raised over $1.4

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Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal

Road to VR

Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million. The investment puts the country’s ownership of Magic Leap over 50 percent, giving it overall majority control.

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Report: AR Startup Magic Leap is Looking for a Buyer

Road to VR

Magic Leap, the multi-billion dollar AR startup, could be exploring the possibility of a sale, a Bloomberg report maintains, citing people familiar with the matter. The Plantation, Florida-based company has raised $2.6 The Plantation, Florida-based company has raised $2.6 " (Douglas Adams).

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Magic Leap And Shaq Announce NBA AR App Partnership

VRScout

The Florida-based Magic Leap has raised $1.9 billion from heavy hitters like Google Ventures and the Alibaba Research group. Magic Leap CEO Rony Abovitz revealed in an interview last night at the Code Media conference that the recently unveiled Magic Leap One headset will be have an application for watching basketball.

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Magic Leap Announces Limited Opportunity for LEAP Developer Days

ARPost

Magic Leap recently announced that it will be holding LEAP Developer Days next month as part of their Leap Year Celebration. Here we’ll talk a bit about Magic Leap in general, as well as share everything we know about the LEAP Developer Days. Background on Magic Leap. How to Apply.

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The Ghost Howls’s VR Week Peek (2019.12.16): Oculus Quest gets hand tracking, Magic Leap pivots towards enterprise and much more!

The Ghost Howls

Magic Leap pivots towards enterprise. After the disappointing sales of the Magic Leap One, finally, Magic Leap has understood that the company can’t survive targeting consumers and “creators”, and it is time to target the only sector that is bringing money: the enterprise. JanusVR and High Fidelity close.