Road to VR

MARCH 7, 2018

Magic Leap, the augmented reality headset manufacturer, has added another couple hundred million dollars to its Series D investment round, this time $461 million led by The Public Investment Fund, Saudi Arabia’s sovereign investment arm, Tech Crunch reports. billion in funding.

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Road to VR

MAY 29, 2020

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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Road to VR

MAY 2, 2019

Magic Leap, one of the most well-funded startups in history, just took on a $280 million investment from Japan-based mobile phone operator NTT DOCOMO. As Japan’s largest mobile operator, Docomo is slated to be Magic Leap’s exclusive telecommunications partner in Japan. billion, according to Crunchbase.

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Next Reality AR

APRIL 3, 2018

It turns out that the government of Saudi Arabia has managed to do something last month's Game Developers Conference couldn't — give us a few new glimpses of the Magic Leap One being worn by someone other than Shaq.

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Road to VR

FEBRUARY 1, 2021

Magic Leap CEO Peggy Johnson took the stage at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia this past week to talk a bit about her time as the company’s new leader. ” Image courtesy FII Institute.

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Next Reality AR

OCTOBER 31, 2019

After talking up the Magicverse for the past year and adding new capabilities to Lumin OS to accommodate it, Magic Leap appears to be inching ever closer to actually launching its cross-platform flavor of the AR cloud while introducing a new tool for its development community.

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XR Today - Augmented Reality tag

JANUARY 23, 2024

announced a partnership with AI Safer to enhance customer experiences for visitors to Saudi Arabian museums and tourist attractions. The region is undergoing Saudi Arabia’s “Vision 2030 “, an initiative to boost its cultural and tourism sector. Today, ARway.ai

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Upload VR

MAY 30, 2024

Magic Leap has entered a "multi-faceted, strategic technology partnership" with Google. The companies say the partnership will combine Magic Leap's "leadership in optics and manufacturing" with Google's "technology platforms". Google was an initial investor in Magic Leap, leading a $542 million funding round back in 2014.

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Charlie Fink

JANUARY 18, 2024

Saudi Arabia's additional $590 million investment in Magic Leap is not good news.

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Upload VR

JULY 19, 2024

Magic Leap is undergoing layoffs just a few months after announcing a partnership with Google. We will continue to actively support Magic Leap’s customers, developers and our large ecosystem through the Developer Support and Care teams. UploadVR David Heaney What amount of revenue did Magic Leap 2 generate this year?

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XR Today - Augmented Reality tag

JANUARY 10, 2023

Magic Leap , a leading manufacturer of augmented reality (AR) headsets, announced at the Consumer Electronics Show (CES) 2023 fresh updates on its collaboration with industry verticals. The news comes as the firm partnered with SentiAR to link physicians with data displayed on the Magic Leap 2 headset.

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XR Today - Augmented Reality tag

JANUARY 16, 2024

This week, AR headset vendor Magic Leap secured roughly $590 million via Saudi Arabia’s sovereign wealth fund, following the region becoming the firm’s majority owner in 2022. The Saudi Arabia funding has launched Magic Leap’s valuation to more than $4.5

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XR Today - Augmented Reality tag

FEBRUARY 13, 2024

ARway.ai, a firm working with various XR device leaders, such as Apple and Magic Leap, to leverage its unique immersive wayfinding platform for a broad range of use cases, recently announced a new partnership that amplifies its product offering to an increasingly sizeable international user base.

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XR Today - Mixed Reality tag

JANUARY 31, 2023

Saudi Arabia, UAE Lead MENA Region in XR Telehealth The news comes as the Saudi and Dubai governments aim to cement positions as top tech hubs in the region and worldwide. Saudi Aramco, the world’s biggest energy supplier, became a top funder for immersive firm PIXO XR to train and upskill workers in the country.

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XROM

JANUARY 16, 2024

Magic Leap, the renowned AR headset vendor, has recently received a staggering $590 million in funding from Saudi Arabia's sovereign wealth fund. This injection of capital has propelled Magic Leap's valuation to over $4.5

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The Ghost Howls

JANUARY 22, 2024

More info Some news about content Slender: The Arrival is coming “soon” to virtual reality Action game Tiger Blade is targeting Q1 for a Quest release VR multiplayer team shooter Vail is coming to a full release on February 15 for both Steam and Meta Store Grimlord , a Soulslike-inspired VR action RPG, is now available in Early Access on Steam and (..)

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XR Today - Mixed Reality tag

FEBRUARY 16, 2024

The Future of Magic Leap After Ross Rosenberg was appointed Magic Leap’s CEO in October 2023, the company has since focused on its enterprise roadmap for 2024; targeting its XR devices towards enterprise and industrial clients. Magic Leap started to understand that these walled gardens are not their future.

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Upload VR

FEBRUARY 6, 2024

In fact, with Saudi Arabia still pouring $500 million into companies like Magic Leap as Meta continues to invest in optical AR glasses, the question of whether VR-style headsets with passthrough on them are going to be used outdoors in any significant way is not a forgone conclusion.

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Upload VR

JANUARY 18, 2024

Apple's passthrough magic might help explain why the industry is making such big shifts before this $3,500 spatial computer even ships. Saudi Arabia-owned Magic Leap took $500+ million more from the "sovereign" investment arm of the state to continue developing its technologies for transparent optical AR.

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XR Today - Mixed Reality tag

DECEMBER 14, 2022

Many products showcased at the conference included flagship releases of VR headsets and solutions such as the Meta Quest Pro, Magic Leap 2, Lenovo ThinkReality A3, and AT&T’s Volumetric Video Photo Booth, among many others.

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Road to VR

JULY 12, 2022

Magic Leap today announced pricing and release date details for the company’s latest AR headset, Magic Leap 2. Magic Leap 2 Release Date and Price. Magic Leap 2 is finally set to officially launch on September 30th, 2022. Magic Leap 2 Developer Pro. Magic Leap 2 Specs.

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XR for Business Podcast

MAY 13, 2019

Alan: So speaking of looking into the future, somebody else who’s kind of looking to the future that you’ve been covering in your Forbes articles is Magic Leap, and their CEO, Rony. Magic Leap a lot of great people running off doing different things. Those are the kinds of apps that Magic Leap wants to enable.

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XR for Business Podcast

MAY 13, 2019

Alan: So speaking of looking into the future, somebody else who’s kind of looking to the future that you’ve been covering in your Forbes articles is Magic Leap, and their CEO, Rony. Magic Leap a lot of great people running off doing different things. Those are the kinds of apps that Magic Leap wants to enable.

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VRScout

JULY 12, 2022

The Magic Leap 2 will be available for purchase starting at $3,299 through select partners. American startup company Magic Leap has announced the official price and specs of the Magic Leap 2, its latest mixed reality headset designed for professionals and developers. Image Credit: Magic Leap.

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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). A 16GB computing pack.

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The Ghost Howls

JANUARY 2, 2023

Saudi Arabia fund gets control of Magic Leap. Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) has just taken a stake of more than 50 percent in Magic Leap. I can’t wait to have the first reviews on both of these devices. More info (X-Mask) More info (AI Silk glove).

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XR Today - Mixed Reality tag

JULY 13, 2022

Magic Leap has announced on Tuesday the release window for its sophomore augmented reality (AR) headset. The firm is making the Magic Leap 2 product commercially available on September 30 this year. Magic Leap will also debut the device in Japan and Singapore later this year.

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