Magic Leap
Magic Leap was founded in 2011 and is headquartered in Dania Beach, US
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Key People/Management at Magic Leap
Rony Abovitz
President, CEO & Founder
Scott Henry
Chief Financial Officer
Graeme Devine
Chief Creative Officer, VP Games, Apps & CR Experiences
Paul Greco
Senior Vice President Hardware Engineering and Programs
Rachna Bhasin
Chief Business Officer
Rio Caraeff
Chief Content Officer
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Magic Leap Office Locations
Magic Leap has offices in Tel Aviv-Yafo, Chennai, Haifa, Zürich and in 8 other locations
Dania Beach, US (HQ)
B454 1855 Griffin Rd
Mountain View, US
2189 Leghorn St
Plantation, US
7500 W Sunrise Blvd
Seattle, US
5900 Airport Way S
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Magic Leap Financials and Metrics
Summary Metrics
Founding Date | 2011 |
Total Funding | $2.3 b |
Latest funding size | $461 m |
Time since last funding | 3 months ago |
Investors | Morgan Stanley, Temasek Holdings, Alibaba Group, Alibaba, Fidelity Management and Research Company, Kleiner Perkins Caufield & Byers, Google, Vulcan Capital, K2 Global, Obvious Ventures, Warner Bros., Qualcomm Ventures, Legendary Entertainment, JP Morgan, T. Rowe Price, Wellington Management, Fidelity Investments, EDBI, Andreessen Horowitz, Saudi Arabia's Public Investment Fund |
Magic Leap's latest funding round in March 2018 was reported to be $461 m. In total, Magic Leap has raised $2.3 b. Magic Leap's latest valuation is reported to be $6 b.
Magic Leap Financials
Market valuation | 6 b |
- Source: Bloomberg
Magic Leap Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| FuzzyCube Software (2) | April 11, 2017 | |
| Dacuda | February 20, 2017 | |
| NorthBit | April 13, 2016 |
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Magic Leap News and Updates
April 13, 2017
Magic Leap just had some of its secrets spilled by Andre Iguodala
In an interview about his thoughts on the next big things in tech, Golden State Warriors small forward Andre Iguodala gushed on augmented reality and undoubtedly skated the lines of violating his Magic Leap NDA as he described his demo with the product, which he called a “disruption of life.”March 19, 2018
Magic Leap opens up its ‘Creator Portal’ with SDK and design guidelines for devs
After maintaining a quiet presence for quite a while, Magic Leap is finally feeling a bit more chatty, at least when it comes to what they’re sharing with developers. As the Game Developers Conference kicks off in San Francisco this week, Magic Leap is opening up their “Creator Portal” to developers…
March 19, 2018
Magic Leap shows off AR glasses creator portal and SDK to game developers
Magic Leap announced that it will give developers a technical preview of its creator portal and software development kit (SDK) at the Game Developers Conference in San Francisco. Magic Leap has raised an estimated $2.3 billion in funding for its augmented reality glasses, which will be able to play …
March 02, 2018
2 days after raising $502 million, Magic Leap called the cops to say an employee had stolen $1 million
A police report filed by Magic Leap in October alleges that the company was falsely billed for more than $1 million.
The report alleges that an outside recruiting firm, which worked with Magic Leap's Senior Manager for Talent Acquisition, collected fees for 39 hires it had no involvement with.
The…
February 24, 2018
Behind the Magic Leap and Weta Workshop alliance
Little by little, Magic Leap is pulling back the veils on the mixed reality technology that it has been developing since 2011. The Florida company has raised more than $1.4 billion for its technology from investors like Google and Alibaba. Rony Abovitz, CEO of Magic Leap, said in December the compan…
February 12, 2018
Axel Springer backs Magic Leap to bring AR to its content
German publisher Axel Springer, Europe’s largest publisher, has backed Magic Leap, the US augmented reality company that’s raised nearly $2 billion from Google and Alibaba. The investment was made through the publisher’s investment arm, Axel Springer Digital Ventures. No figures were disclosed. Magi…
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