Magic Leap - New Alternate Reality Worth $500 Million

Magic Bound – New Alternate Reality Worth $500 Meg

Magic Leap Inc. appear today that information technology has completed a $542 1000000 Series B financing. The financing was led by Google, with participation from Qualcomm Incorporated. The company will utilize the proceeds to accelerate product development, release software development tools, expand its content ecosystem, and commercialize its proprietary mobile clothing arrangement.

Google's multi-million dollar investment in augmented reality seems to exist baring fruit. Magic Leap appears quite extraordinary if the demo video below is any indication. Productivity functions like beingness able to admission websites and desktop apps from airborne virtual icons are demonstrated, too as a shooter game using physical weapons and the world effectually yous.

Magic Jump was founded on an thought: that computing and engineering should bend to us, to our needs, to our humanity, and to our feel. People should be first. Technology should serve the states. Computing should match human experience, it should respect human physiology.Computing can experience like everyday magic, and it can experience much more human being, much more like our world. Our mission is to deliver on this dream, so that people tin benefit in new ways from the power of computing, from the possibilities of existence connected, sharing, and knowing.We are also working hard to make video game experiences in our arrangement really freaking cool. I love working with Graeme Devine – he understands that a new medium requires new thoughts on game pattern, new SDK tools. I want Magic Spring to go a creative hub for gamers, game designers, writers, coders, musicians, filmmakers, and artists.We too take the possibility to positively transform the process of education. To change how nosotros pattern things. To make our communications feel real. How we shop. How nosotros create. How we detect each other, and how nosotros can explore completely new worlds.Magic Jump is in the very beginning of its journey. We are reaching out to application developers, to artists, and to musicians. We are meeting with major production companies, but we are just as excited when we meet a single developer, dreaming big dreams.The globe at times can exist hard and contemptuous. Only every generation deserves its take a chance to dream over again, to dare to wing to the moon. The world today can be frightening at times, but the promise of a good life is always there. It takes creative thinking. It takes open minds. That is where we are going. I hope that you can join us.

"You tin can think of u.s.a. as techno-biology," Magic Leap CE Rony Abovitz told a Reddit AMA last year. "We believe it is the future of computing."

It certainly looks incredibly interesting, and only similar Microsoft's Hololens we have to wait and see how it turns out. Lets hope that some more information comes before long, with a specific availability date and potential pricing.

We will bring yous whatever new data on Magic Leap every bit soon as it becomes bachelor.