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Saudi Arabia’s Public Investment Fund Takes Control of Magic Leap

XR Today - Augmented Reality tag

To close 2022, Magic Leap’s leadership team underwent a major restructuring following a significant investment from Saudi Arabia’s sovereign wealth fund. The investment by Saudi’s PIF division allows the region to own over 50 percent of Magic Leap’s ownership stake. A 16GB computing pack.

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Can Mystical Magic Leap Lure Singapore’s Temasek into its Net?

VRWorld

Magic Leap Inc. , As stated, they are thinking of taking part in a new financing round of more than $500 million, bringing Magic Leap valuation close to $6 billion. The company was founded by Rony Abovitz in 2010, attracting high-profile investments from companies including Alibaba Group Holding Ltd.,

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Well-funded AR Headset Startup DAQRI is Shutting Down

Road to VR

Since its founding in 2010, the company has garnered a total of $275 million in investment funds, the most recent of which brought in $260 million in 2017. ” As per the email, Daqri says both its Smart Glasses and Worksense cloud solutions will be retired at the end of September.

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Holographic Waveguides: What You Need To Know To Understand The Smartglasses Market

UploadVR Between Realities podcast

Magic Leap. For a secretive company, we can learn a lot about Magic Leap from their patent filings and acquisitions, namely that they launched without a clear path to executing their vision. In April of last year Abovitz landed himself on the cover of Wired magazine with what was dubbed the Magic Leap “photonic chip.”

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Celebrating the 2023 Auggie Awards and XR Prize Challenge

ARPost

The Auggie Awards have been recognizing XR since 2010.” The group won over Mutienliao , Oregon Shakespeare Festival , and Ferryman Collective. The Startup Pitch Competition “We had an incredible group of startups pitch,” Boost VC Partner Maddie Callander said in presenting the Startup to Watch Auggie. We’re just so happy.

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Go XR or Go Extinct, with Super Ventures’ Ori Inbar

XR for Business Podcast

He’s the founder and managing partner for Super Ventures and the CEO of AugmentedReality.org, a nonprofit that produces Augmented World Expo, the top industry conference for AR since 2010. Ori: Actually, if you take it back 10 years to 2010, when we did our first AWE, you had a lot of passionate people in the room.

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Go XR or Go Extinct, with Super Ventures’ Ori Inbar

XR for Business Podcast

He’s the founder and managing partner for Super Ventures and the CEO of AugmentedReality.org, a nonprofit that produces Augmented World Expo, the top industry conference for AR since 2010. Ori: Actually, if you take it back 10 years to 2010, when we did our first AWE, you had a lot of passionate people in the room.

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