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Magic Leap has secured $500 million in funding and introduced the rollout of a brand new headset referred to as the Magic Leap 2.
The augmented actuality firm secured the funding at a post-money valuation of $2 billion, and mentioned the brand new capital will assist it ship “best-in-class AR options” together with the launch of the Magic Leap 2 in 2022.
Magic Leap claimed its second-generation headset will likely be “the smallest and lightest system constructed for enterprise,” and touted extra options like dimming and elevated area of view.
The Magic Leap 2 has been particularly designed to extend enterprise adoption of AR, and is already being utilized by choose shoppers as a part of an early entry program.
Commenting on the funding, Magic Leap chief exec Peggy Johnson mentioned the deal is an “essential step in advancing Magic Leap’s mission to rework the way in which we work.”
“Since becoming a member of Magic Leap in 2020, my focus has been on accelerating the corporate’s shift to the enterprise market, strengthening our technological basis, and constructing a strong enterprise throughout sectors starting from healthcare and manufacturing to protection and the general public sector,” they added.
“With ongoing assist from our present traders, Magic Leap could have larger monetary flexibility and the sources wanted to proceed our development trajectory as we broaden on our industry-leading AR know-how.”
The information comes round 18 months after Magic Leap reportedly made various layoffs to “adapt to new market realities.” It then secured a $350 million funding in Could 2020, permitting it to withdraw the conditional layoff notices despatched to some staff and stabilize operations with an eye fixed on the long run.
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