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Magic Leap Secures $590 Million Funding Boost and Sets Its Sights on Apple's Vision Pro

XROM

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 With this newfound support, Magic Leap is gearing up to take on tech giants like Apple and Meta.

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Apple Vision Pro Competitor Gains Half a Billion in Funding

XR Today - Augmented Reality tag

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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The XR Week Peek (2023.05.23): Leaks and rumors about Apple headset intensify, VRChat to launch Creator Economy, and more!

The Ghost Howls

Since there is the possibility that Apple announces its headset soon, all the companies are rushing to announce what they have in the pipeline before the big day. Most likely that will be the name of its operating system The headset should be launched at WWDC according to all the most relevant Apple analysts. It’s been a strange week.

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Arvizio Introduces AR Instructor for Apple, Android Devices

XR Today - Augmented Reality tag

Augmented reality (AR) remote guidance solutions experts Arvizio announced on Wednesday added support for its Instructor solution for Apple iPads and iPhones, as well as Android smartphones. Arvizio made Instructor available for a series of headsets, including Microsoft’s HoloLens 2 and the Magic Leap 2.

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What is the Influence of Major Corporations in XR and Spatial Computing?

XR Today - Mixed Reality tag

February 2024 is here, and this month marked the end of a long, long wait for Apple’s Vision Pro. Apple has already sold 200,000 devices in the first week, which is impressive. This funding will support Magic Leap’s “Chapter 3” roadmap of delivering enterprise-grade XR solutions.

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The XR Week Peek (2020.05.25): new rumors on Apple Glasses, Oculus Quest anniversary, HP Reverb G2 and more!

The Ghost Howls

Apple Glasses may release in 2021 for $499. In the end, technologist Jon Prosser has revealed the main details he knows about the Apple Glasses. Well, on another website, I’ve been able to find someone that reading some Apple’s documents has found pictures of strange colored circular tags that may act as QR Codes for Apple devices.

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Smart Glasses in the Future of Work 

XR Today - Augmented Reality tag

Nreal, Meta, Magic Leap, and RealWear produce AR devices that suit consumer, enterprise, or industrial environments. The lite-smart glasses solution provides consumer-grade features like voice assistance, AR games, and video calling via a lite-weight, designer frame. The firm is also exploring new healthcare-related usage.