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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. SEE ALSO Magic Leap is Giving Away 500 AR Headsets as Part of Epic's $100M Unreal MegaGrants. billion, according to Crunchbase.

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Red 6 Pilots Laud Novel AR Air Combat Trainer

XR Today - Augmented Reality tag

The enterprise also struck a huge strategic partnership with Saudi Arabia’s Advanced Electronics in early May to train Saudi military personnel to pilot BAE Hawk Mk 165 fighter jets.

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IGS 2022 Miami: XR Today Expert Round Table

XR Today - Mixed Reality tag

According to AlMuawad, Midwam’s solutions were key to developing Saudi Arabia as a strategic tech and metaverse incubator. Users could also choose where their avatars would interact with digital assets in different environments.

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