Magic Leap has been valued at $2 billion ahead of the release of its next AR headset
Quick read
➨ Magic Leap reveals next-gen AR headset, after securing $500 million in new funding
➨ Magic Leap 2 will arrive some time next year
➨ The new headset features ‘leading optics, the largest FOV in the industry and dimming’
The story
Magic Leap has revealed the next generation of its flagship augmented reality (AR) headset, after securing $500 million in new funding.
The company, which is focusing on AR for enterprise after a difficult 18 months that saw significant job losses, the arrival of Peggy Johnson as chief executive officer and a pivot away from the consumer market, now has a post-money valuation of roughly $2 billion.
Magic Leap says the new funding will be used in part to roll-out its second-generation product, Magic Leap 2, next year.
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