Magic Leap

Investment Highlights

Company Overview

Magic Leap, Inc. is an American startup company that released a head-mounted virtual retinal display, called Magic Leap One,which superimposes 3D computer-generated imagery over real world objects, by “projecting a digital light field into the user’s eye”, involving technologies potentially suited to applications in augmented reality and computer vision.

It is attempting to construct a light-field chip using silicon photonics.

Magic Leap was founded by Rony Abovitz in 2010 and has raised US$2.6B from a list of investors including Google and Alibaba Group.

Magic Leap’s mission is to deliver enterprise a powerful tool for transformation— an augmented reality platform of great utility and simplicity.

Magic Leap technology is having a transformational impact on professional productivity.

Surgeons at UC Davis Children’s Hospital used Magic Leap technology to help plan for the separation of rare, craniopagus twin babies. 3D reconstructions of MRI and CT scans were uploaded and viewed on the Magic Leap 1 headset using Mixed Reality Viewer from Brainlab.

Magic Leap is the developer of an augmented reality platform for enterprise.

The developer of human computing interfaces and software technology designed to superimpose 3D computer-generated imagery over real-world objects.

The company’s technology uses virtual and augmented-reality technology with dynamic-image computing and alternative stereoscopic 3D that harmonizes with human senses, enabling users to interact with digital devices in a completely visually cinematic way.

Augmented reality is poised to become the next paradigm in computing.

Magic Leap technology is having a transformational impact on professional productivity.

Surgeons at UC Davis Children’s Hospital used Magic Leap technology to help plan for the separation of rare, craniopagus twin babies. 3D reconstructions of MRI and CT scans were uploaded and viewed on the Magic Leap 1 headset using Mixed Reality Viewer from Brainlab.

Augmented reality is poised to become the next paradigm in computing.

We have 8+ years dedicated to addressing the fundamental challenges of providing a large field of view in an ergonomic form factor.

Magic Leap has invested US$2.2B+ in the creation of its market-leading technology.

Financials

Total Funding to Date – $3B

Last funding round US$350M May 2020

Enterprise Value US$6.52B

Team