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.

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. Meanwhile, the OpenXR standard achieved a milestone showing the same Unreal Engine content running on VR headsets with widely varying specifications.