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Type of business | Private |
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Headquarters | Plantation, Florida |
Founder(s) | Rony Abovitz[1][2][3] |
CEO | Peggy Johnson |
Key people | Richard Taylor Graeme Devine John Donovan (AT&T) Jen Fitzpatrick (Google) Rio Caraeff (CCO) |
URL | www |
Launched | 2010 |
Current status | Active |
Magic Leap, Inc. is an American startup company that released a head-mounted virtual retinal display, called Magic Leap One,[4] which superimposes 3D computer-generated imagery over real world objects, by "projecting a digital light field into the user's eye",[5][6] involving technologies potentially suited to applications in augmented reality and computer vision. It is attempting to construct a light-field chip using silicon photonics.[7]
Magic Leap was founded by Rony Abovitz in 2010[8] and has raised $2.6 billion from a list of investors including Google and Alibaba Group.[9] In December 2016, Forbes estimated that Magic Leap was worth $4.5 billion.[10] On July 11, 2018, AT&T invested in the company and became its exclusive partner. On August 8, 2018, the Magic Leap One was made available in the United States through AT&T.
On May 28, 2020, Rony Abovitz announced that Magic Leap had raised $350 million in new funding and that he would be stepping down as CEO.[11] On July 7, 2020 the company announced their new CEO would be former Microsoft executive, Peggy Johnson.[12][13]
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