Magic Leap Raises $461M in New Funding Led by Saudi Arabia’s Investment Arm

Road to VR

Magic Leap, the augmented reality headset manufacturer, has added another couple hundred million dollars to its Series D investment round, this time $461 million led by The Public Investment Fund, Saudi Arabia’s sovereign investment arm, Tech Crunch reports.

Magic Leap’s Total Funding Exceeds $2 Billion, With Saudi Arabia’s Help

UploadVR

Now, in 2018, Magic Leap is adding $461 million to this latest round with the bulk coming from the Kingdom of Saudi Arabia’s investment arm. While little is known about Magic Leap’s technology, the startup’s funding story is a little more public. Google helped transform the Florida startup into a giant of the nascent AR industry in Oct.

How autonomous vehicles and hyperloop are scooting along

TechCrunch VR

HTT will be building a 10 km track to connect Abu Dhabi to Al Ain and Riyadh, Saudi Arabia. Cyrus Radfar. Contributor. Cyrus Radfar is the founding partner at V1 Worldwide. More posts by this contributor. Will tech companies change the way we manage our health?

Magic Leap Teases Magicverse Debut in 2020, Launches Magic Leap Toolkit for Developers

Next Reality AR

Speaking at the Future Investment Initiative conference in Riyadh, Saudi Arabia on Thursday, Magic Leap's chief product officer, Omar Khan, revealed that the Magicverse SDK 1.0

New Magic Leap Images Appear as Saudi Prince Gets Demo from CEO Rony Abovitz

Next Reality AR

It turns out that the government of Saudi Arabia has managed to do something last month's Game Developers Conference couldn't — give us a few new glimpses of the Magic Leap One being worn by someone other than Shaq.

Magic Leap Raises $280M from Japanese Telecom NTT DOCOMO

Road to VR

The company’s penultimate investment round netted the AR startup $461 million in March 2018, led by Saudi Arabia’s sovereign investment arm.

Snapchat’s Latest Lens Studio Update Is A Game Changer For AR Creators

VRScout

14 new landmarks and 6 AR templates make their way to the desktop app.

EON Reality Presents at Nordic VR Forum

EON Reality

At the 2018 edition of the Nordic VR Forum, EON Reality Norway didn’t just attend Hamar’s distinguished virtual reality conference but also presented the “ Jesper on Wheels ” project to an eager crowd. With hundreds of attendees from 10 different nations and even more viewers following along with the event’s livestreams online, the annual event proved successful in every way.

AR+VR Weekly: 32M smartglasses by 2020, Ready Player One & Accenture’s XR findings

AWE Blog

AR startup Magic Leap raises $461 million from Saudi Arabia fund ( Reuters ). Catch up on AR+VR news, funding and launch announcements. By Tom Emrich. It’s been another busy week in AR+VR!

Smart Nations Powered By Augmented Virtual Reality

EON Reality

Advances in Virtual Reality and Augmented Reality are reshaping the way we learn and interact with our world.

The AVR Platform and Classroom 3.0 Showcased at EduTECH Asia 2018

EON Reality

At EduTECH Asia 2018 this week in Singapore, EON Reality spent two full days speaking, promoting, and demonstrating the latest updates to the AVR Platform to the thousands of education and technology professionals in attendance.

Asia 81

2018 In Review: The Year Standalones Took VR And AR Everywhere

UploadVR

The company launched its $2,300 Magic Leap One AR headset development kit in August after revealing earlier in the year it passed $2 billion in total investment, with a huge amount from Saudi Arabia. A number of VR developers are quietly working on projects for this year and beyond, while 2018 saw 17,000 standalone $200 Oculus Go VR headsets purchased by Walmart and deployed at stores everywhere to train employees.

Robot Shibuya Mirai Becomes Tokyo Resident

VRWorld

The Kingdom of Saudi Arabia granted Sophia citizenship last month. Tokyo, Japan may have just become the first city to officially grant residence to an artificial intelligence (AI). The intelligence’s name is Shibuya Mirai and exists only as a chatbot on the popular Line messaging app. Mirai, which translates to ‘future’ from Japanese, joins Hanson Robotic’s “Sophia” as pioneering AI gaining statuses previously reserved for living, biological entities.

Virtual Reality and Augmented Reality Design & Development Course at Oral Roberts University to Open January 2017

EON Reality

Augmented and Virtual Reality are some of the fastest growing sectors of our economy. These technologies are spreading far beyond the gaming world and into business and education, where its being used to train employees and better educate students.

This Degree Will Actually Land You a Job and Prepare You for the Future

EON Reality

For some Entrepreneur School Alumni , after working an extensive eleven months to pursue a dream it’s time to relax. For others, it means it’s time to pursue their dreams by starting their career in the Virtual Reality and Augmented Reality industry.