• Behind the Magic Leap and Weta Workshop alliance

    3 monthes ago - By Venture Beat

    Little by little, Magic Leap is pulling back the veils on the mixed reality technology that it has been developing since 2011. The Florida company has raised more than $1.4 billion for its technology from investors like Google and Alibaba.
    Rony Abovitz, CEO of Magic Leap, said in December the company will ship its first augmented reality glasses in 2018. And this week, the company disclosed that it has an alliance with Weta Workshop , a mixed reality and game studio that is working on applications for the Magic Leap glasses. Weta Workshop is part of Peter Jackson's New Zealand special...
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  • Magic Leap is reportedly in talks to raise $400 million from Saudi Arabia's sovereign wealth fund

    Magic Leap is reportedly in talks to raise $400 million from Saudi Arabia's sovereign wealth fund

    3 monthes ago - By Business Insider

    Augmented reality startup Magic Leap is reportedly in talks to raise up to $400 million from Saudi Arabia's sovereign wealth fund, The Financial Times reported on Friday .
    The newspaper reported that the deal is set to be announced in the coming weeks, and is an extension of the company's October round of funding.
    The investment would bring the total amount raised by Magic Leap to $2.3 billion , even though it's yet to release a product.
    In December, Magic Leap announced the design and name of its first product : The Magic Leap One Creator Edition. The augmented reality company's first...
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