article thumbnail

Magic Leap Deepens Funding from Telecom Industry with $280 Million from Japan's NTT Docomo

Next Reality AR

Magic Leap's business strategy for bringing augmented reality to the mainstream has become even clearer via its latest funding round. On Friday, the company announced that it has secured $280 million in funding from NTT Docomo, the largest wireless provider in Japan.

article thumbnail

The XR Week Peek (2020.06.13): Magic Leap exploring a sale, events are going virtual and more!

The Ghost Howls

Image by Magic Leap). Magic Leap is on sale. A report on Bloomberg informed us all that Magic Leap is exploring a sale of the company. The sales never skyrocketed and now Magic Leap is in desperate need of cash , after many layoffs, disappointing sales, and having put its IP as collaterals to a bank.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Report: Magical Leap Sees Sluggish Sales Numbers Amidst Latest Funding Round

Road to VR

Magic Leap is one of the most well-funded startups in history, boasting $2.6 A new report from The Information however alleges that the company has seen sluggish sales of its Magic Leap One AR headset, something that reportedly only sold 6,000 units in the first six months following its August 2018 launch.

article thumbnail

Nreal Launches $600 ‘Light’ AR Glasses in United States via Verizon

Road to VR

Relative to enterprise-focused AR headsets like Magic Leap 2 and HoloLens 2, it’s also less expensive due to the inclusion of cheaper and less complicated optics, called ‘birdbath’ optics, which project light from a microdisplay to the eye via what’s essentially a curved see-through mirror (among other things).

article thumbnail

Eido Inoue tells us everything we need to know about HADO and location based augmented reality

The Ghost Howls

who first immigrated to Japan over 25 years ago. teams for Japan. Meleap (pronounced “may-leap”) is a combination of the words “Merry” and “Leap”. As of 2019, we are an expanding private company with about 40 people based in Japan and funded by Japanese venture capitalists.

article thumbnail

The XR Week Peek (2022.10.03): Quest 3 leaks, Lenovo ThinkReality VRX launch, and more!

The Ghost Howls

Bytedance is trying to expand also in Japan , launching the Pico 4 with the support of many influencers. More info (Tim Cook talks about AR / 1) More info (Tim Cook talks about AR / 2) More info (Apple and its strategies to make AirPods succeed). It has even created pop-up stalls to make people try the headset and eventually buy it.

China 456
article thumbnail

2021?—?the year of AR glasses?

ARVR

And Magic Leap , the company we all put our AR faith in, has refocused their strategy away from consumers and towards healthcare, defense and telecommunications. a Canadian company, is the developer that has come closest to launching a nicely designed pair of AR glasses. But they got acquired by Google, so they´re gone for now.

AR 130