Magic Leap

AT&T backs mixed reality firm Magic Leap

AT&T has invested in Magic Leap, completing the mixed reality firm’s previously-announced Series D funding round. While the value of AT&T’s investment was not disclosed, the deal establishes AT&T as the exclusive wireless distributor of Magic Leap products for consumers in the US. “We’ve joined with AT&T because we believe in a combined vision of […]

Magic Leap raises another US$461m

Mixed reality company Magic Leap has reportedly raised another US$461 million (€371 million) in funding led by the Kingdom of Saudi Arabia’s sovereign investment arm, The Public Investment Fund. The new funding takes Magic Leap’s Series D round to US$963 million after the company raised US$502 million in equity funding in October, led by Singapore-headquartered investment […]

Magic Leap agrees sports deal with NBA and Turner

Magic Leap has agreed its first sports partnership with the NBA and Turner, in a move it claims will usher in “the next generation of sports viewing and interactivity”. The mixed reality company said a newly-created NBA app will be available on its Magic Leap One headset and will offer “an intimate experience that has never […]

Axel Springer invests in Magic Leap

Axel Springer Digital Ventures has invested in US-based Magic Leap, a company that is focused on integrating digital content into real world environments. Axel Springer said that the investment marks part of its efforts to participate in innovative technologies that have the potential to “present journalistic content and classifieds in new formats and environments”. The […]

Digi-Capital: VR/AR firms raise US$2.5bn this year

Virtual and augmented reality startups have raised US$2.5 billion (€2.09 billion) so far this year, equaling the record for AR/VR investment in a single 12 month period more than a month before the end of 2017. This is according to Digi-Capital’s Augmented / Virtual Reality Report and Deals Database, which claims that, by sector, a […]

AR firm Magic Leap raises US$502m

Secretive augmented reality (AR) firm, Magic Leap, has raised US$502 million in Series D equity funding, led by Singapore-headquartered investment company Temasek. Magic Leap said new investor Temasek was joined by other new backers in the round, including Brazilian media giant Grupo Globo, fund management firm Janus Henderson Investors, and the EDBI – the corporate […]

AR and VR investments reach US$2.3bn

The amount of money invested last year in virtual and augmented reality companies more than tripled compared to 2015, according to new research. Digi-Capital’s new ‘Augmented/Virtual Reality Report and Deals Database’ said that venture capitalists and corporate investors put US$2.3 billion into AR and VR startups in 2016, compared to some US$700m in 2015. AR […]