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.

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.

BBC to Stream Major World Cup 2018 Matches in UK on PSVR, Cardboard, Oculus Go & Gear VR

Road to VR

The VR app is said hit the respective app stores closer to the first match, which starts on June 14th with the Russia vs. Saudi Arabia match to kick it off.

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!

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.

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.