XR Today - Augmented Reality tag

JANUARY 3, 2023

To close 2022, Magic Leap’s leadership team underwent a major restructuring following a significant investment from Saudi Arabia’s sovereign wealth fund. The augmented reality (AR) headset manufacturer gained $450 million from the Saudi Arabian Public Investment Fund (PIF).

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XR Today - Mixed Reality tag

FEBRUARY 16, 2024

Magic Leap has also secured roughly $590 million through Saudi Arabia’s sovereign wealth fund this year, launching the firm’s valuation to more than $4.5 The software does it all for me. This funding will support Magic Leap’s “Chapter 3” roadmap of delivering enterprise-grade XR solutions. .

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XR Today - Mixed Reality tag

DECEMBER 14, 2022

Artists previously used very expensive hardware and software to create digital assets, namely with delayed throughput. According to AlMuawad, Midwam’s solutions were key to developing Saudi Arabia as a strategic tech and metaverse incubator. Didimo’s technologies eliminated this by producing avatars “at scale.”

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The Ghost Howls

MARCH 18, 2025

Scoperlys parent company is owned by Saudi Arabias Public Investment Fund, meaning that Pokemon Go now belongs to the king of Saudi Arabia. Niantic will now focus all its efforts on its geospatial tech , which mixes AI, AR, spatial intelligence, and geolocation.

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