“We’re fundamentally a new kind of lightfield chip to enable new experiences,” said Magic Leap founder and CEO Rony Abovitz at a conference in June. “There’s no off-the-shelf stuff used. That’s the reason for the amount of capital we’ve raised — to go to the moon.” Abovitz also released Magic Leap’s SDK and said the company was building 260,000 sq. ft. manufacturing facility in Florida to develop components for the device.
AR Startup Magic Leap Raises $827M on Valuation of $3.7B
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WSJ, Forbes, The Verge: Augmented-reality startup Magic Leap could raise up to $827 million in a new funding round. This would bring Magic Leap’s total funding to about $1.4 billion. If Magic Leap raises the full amount, it could be valued at about $3.7 billion, according to venture-capital data firm VC Experts. The previous investments came from Google, Qualcomm Ventures, KKR, Vulcan Capital, KPCB, Andreesen Horowtiz, Obvious Ventures and others.
“We’re fundamentally a new kind of lightfield chip to enable new experiences,” said Magic Leap founder and CEO Rony Abovitz at a conference in June. “There’s no off-the-shelf stuff used. That’s the reason for the amount of capital we’ve raised — to go to the moon.” Abovitz also released Magic Leap’s SDK and said the company was building 260,000 sq. ft. manufacturing facility in Florida to develop components for the device.
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“We’re fundamentally a new kind of lightfield chip to enable new experiences,” said Magic Leap founder and CEO Rony Abovitz at a conference in June. “There’s no off-the-shelf stuff used. That’s the reason for the amount of capital we’ve raised — to go to the moon.” Abovitz also released Magic Leap’s SDK and said the company was building 260,000 sq. ft. manufacturing facility in Florida to develop components for the device.