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Magic Leap Raises $502 Billions Driven by Temasek

VRWorld

Magic Leap , the still-in-stealth-mode company developing an augmented-reality headset, announced that it has raised $502 million in Series D equity funding, led by Singapore investment firm Temasek Holdings. The augmented reality company raised such a sum propelling their total venture funding to $1.9

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Digital Real Estate in AR, with Darabase's Dominic Collins

XR for Business Podcast

And what we realized was there's this kind of massive problem that if you're putting augmented reality over top of the physical world, who owns that data? Alan: So you're really going kind of the route of AR, meaning kind of Apple and Google foundation. But actually, it happened to Brazil, as far as I'm aware.

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Digital Real Estate in AR, with Darabase’s Dominic Collins

XR for Business Podcast

And what we realized was there’s this kind of massive problem that if you’re putting augmented reality over top of the physical world, who owns that data? Alan: So you’re really going kind of the route of AR, meaning kind of Apple and Google foundation. Who’s responsible for it? Dominic: Oh, yeah.

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Digital Real Estate in AR, with Darabase’s Dominic Collins

XR for Business Podcast

And what we realized was there’s this kind of massive problem that if you’re putting augmented reality over top of the physical world, who owns that data? Alan: So you’re really going kind of the route of AR, meaning kind of Apple and Google foundation. Who’s responsible for it? Dominic: Oh, yeah.