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Founded Year

2010

Stage

Debt - II | Alive

Total Raised

$4.524B

Last Raised

$590M | 10 mos ago

About Magic Leap

Magic Leap develops augmented reality (AR) technology in the tech industry. Its offerings include an AR platform for enterprises, designed to support workflows, productivity, and return on investment. Its technology allows teams to collaborate remotely, conduct reviews with 3D visualization, and provide real-time knowledge to frontline workers. The company was founded in 2010 and is based in Plantation, Florida.

Headquarters Location

7500 West Sunrise Boulevard

Plantation, Florida, 33313,

United States

954-889-7010

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ESPs containing Magic Leap

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Manufacturing Tech

The augmented reality (AR) worker assist market aims to improve workforce efficiency and accuracy in various industries such as aerospace, defense, manufacturing, and maintenance. AR technology provides workers with instant access to contextual information and instructions, reducing errors and improving training time. The market offers solutions for optimizing 3D assets for spatial computing devic…

Magic Leap named as Highflier among 15 other companies, including Meta, TeamViewer, and PTC.

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Research containing Magic Leap

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Magic Leap in 3 CB Insights research briefs, most recently on Aug 6, 2024.

Expert Collections containing Magic Leap

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Magic Leap is included in 5 Expert Collections, including AR/VR.

A

AR/VR

1,505 items

This collection includes companies creating hardware and/or software for augmented reality, virtual reality, and mixed reality applications.

U

Unicorns- Billion Dollar Startups

1,249 items

S

Smart Home & Consumer Electronics

1,234 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

A

Advanced Manufacturing

6,362 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

F

Future of the Factory (2024)

436 items

This collection contains companies in the key markets highlighted in the Future of the Factory 2024 report. Companies are not exclusive to the categories listed.

Magic Leap Patents

Magic Leap has filed 2178 patents.

The 3 most popular patent topics include:

  • virtual reality
  • mixed reality
  • augmented reality
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/23/2022

10/29/2024

Mixed reality, Augmented reality, Virtual reality, Thin film deposition, Multimodal interaction

Grant

Application Date

9/23/2022

Grant Date

10/29/2024

Title

Related Topics

Mixed reality, Augmented reality, Virtual reality, Thin film deposition, Multimodal interaction

Status

Grant

Latest Magic Leap News

The Growth of Magic Leap in South Florida: Augmented Reality Innovation

Oct 25, 2024

TechBullion Welcome to the vibrant heart of innovation, where tech dreams are becoming reality under the sunny skies of South Florida! As augmented reality (AR) continues to transform industries from gaming to healthcare, one company stands at the forefront of this technological revolution: Magic Leap. Born out of a vision that seamlessly blends digital and physical worlds, Magic Leap has not only set its roots deep in our local soil but is also nurturing a thriving ecosystem for AR advancement. Join us as we explore how this groundbreaking company is reshaping creativity, collaboration, and community here in South Florida—and discover what makes it a beacon of hope for the future of technology! Brief overview of Magic Leap and its impact on the tech industry. Magic Leap has become a household name in the world of augmented reality, captivating tech enthusiasts and investors alike. Founded in 2010, this South Florida-based company is redefining how we perceive digital content and its place within our environment. With an innovative approach to blending physical and virtual realities, Magic Leap stands at the forefront of AR technology. Its vision extends beyond entertainment; it aims to revolutionize industries such as healthcare, education, and gaming. As we delve into the journey of Magic Leap’s growth in South Florida, it’s evident that this vibrant region has played a critical role in shaping the company’s trajectory. From groundbreaking advancements to strategic partnerships with industry giants like Google and Disney, Magic Leap continues to push boundaries while leaving an indelible mark on both local communities and global tech landscapes. Join us as we explore how Magic Leap is spearheading augmented reality innovation right from sunny South Florida! History of Magic Leap: How Magic Leap began, its founders, and key milestones in its growth. Magic Leap was founded in 2010 by Rony Abovitz, who envisioned a new realm of augmented reality experiences. With a background in robotics and medical imaging, he aimed to create technology that would blend the digital with the physical. The company’s early days were shrouded in mystery. It operated under strict confidentiality while developing its groundbreaking technology. Initial funding came from high-profile investors, including Google and Alibaba Group, which helped propel Magic Leap into the limelight. In 2018, they unveiled their first consumer product: Magic Leap One. This marked a significant milestone for both the company and the AR industry as a whole. The device showcased advanced spatial computing capabilities that pushed boundaries beyond conventional tech. As Magic Leap continued to evolve, it attracted attention not just for its products but also for its ambition to redefine how we interact with our environment through immersive technologies. Advancements in Augmented Reality: Exploring the concept and technology behind augmented reality and how Magic Leap is pushing it forward. Augmented reality (AR) transforms how we perceive the world by overlaying digital content onto our physical environment. This fascinating blend of technology and imagination opens new avenues in various sectors, from gaming to education. Magic Leap stands at the forefront of this innovation. Their proprietary lightfield technology creates stunning visuals that interact seamlessly with users’ surroundings. Unlike traditional screens, Magic Leap’s approach allows for a more immersive experience where digital objects feel tangible. The company continuously pushes boundaries through research and development. By refining hardware and software, they ensure their AR experiences are not only captivating but also practical for everyday use. This commitment to advancement is reshaping how industries think about interaction and engagement with digital elements in real-world spaces. The future looks bright for augmented reality as Magic Leap leads the charge into unexplored territories. Impact on South Florida: Discussion of how Magic Leap’s headquarters in South Florida has influenced the local tech scene and economy. Magic Leap’s presence in South Florida has ignited a technological renaissance. The company’s headquarters serves as a beacon for innovation, drawing talent from across the country. Local universities and colleges have taken notice. Programs focused on augmented reality and immersive technology are expanding, equipping students with skills that align directly with industry needs. Startups are also flourishing in the region. Inspired by Magic Leap’s pioneering work, entrepreneurs are launching their ventures, contributing to a vibrant ecosystem of creativity and collaboration. Job creation is another significant impact. With hundreds of positions at Magic Leap alone, local residents have access to new opportunities that bolster the economy. The community has embraced this shift toward tech-centric growth. Networking events and meet-ups foster connections among professionals eager to explore AR advancements together. Collaborations and Partnerships: Highlighting partnerships with major companies like Google, Disney, and AT&T that have fueled the growth of Magic Leap. Magic Leap has established strategic partnerships that have significantly propelled its growth in the augmented reality space. Collaborating with tech giant Google brought access to vital resources and expertise, enhancing Magic Leap’s technology development. Disney’s involvement has been particularly noteworthy. Their imaginative storytelling aligns perfectly with Magic Leap’s vision for immersive experiences. Together, they explore how AR can transform entertainment and create new forms of engagement. AT&T also plays a crucial role by providing infrastructure and support to enhance connectivity for Magic Leap devices. This partnership ensures users experience seamless interactions within their augmented environments. These collaborations underscore how strong alliances can elevate innovation in technology . The combined strengths of these major players set a foundation for future advancements in augmented reality, further establishing South Florida as a hub of cutting-edge developments. Innovations and Products: A closer look at some of Magic Leap’s most notable products, including their first consumer release, the Magic Leap One. Magic Leap has made waves with its innovative products, particularly the Magic Leap One. This device marked a significant leap in consumer augmented reality experiences. The Magic Leap One blends digital content seamlessly with the real world. Users can interact with holographic images as if they exist alongside physical objects. This immersive experience opens doors for creativity and productivity. Another notable innovation is the Magic Leap 2, which builds on its predecessor’s foundation. With enhanced optics and improved field-of-view, it elevates user engagement to new heights. Beyond hardware, their software ecosystem supports various industries—from gaming to healthcare—demonstrating versatility in applications. Through ongoing research and development, Magic Leap continues to set benchmarks in AR technology while engaging creators across multiple sectors. Conclusion In conclusion, the growth and innovation of Magic Leap in South Florida has had a significant impact on the world of augmented reality. Through their cutting-edge technology and creative approach to problem-solving, they have revolutionized how we interact with digital information. As Magic Leap continues to expand and develop new products, we can only imagine what exciting advancements are yet to come in the world of AR. It is clear that this company will continue to play a major role in shaping the future of technology.

Magic Leap Frequently Asked Questions (FAQ)

  • When was Magic Leap founded?

    Magic Leap was founded in 2010.

  • Where is Magic Leap's headquarters?

    Magic Leap's headquarters is located at 7500 West Sunrise Boulevard, Plantation.

  • What is Magic Leap's latest funding round?

    Magic Leap's latest funding round is Debt - II.

  • How much did Magic Leap raise?

    Magic Leap raised a total of $4.524B.

  • Who are the investors of Magic Leap?

    Investors of Magic Leap include Public Investment Fund, NTT DoCoMo, AT&T Ventures, Axel Springer Digital Ventures, Alibaba.com and 22 more.

  • Who are Magic Leap's competitors?

    Competitors of Magic Leap include Rokid, Xreal, Varjo, Plutomen, RealWear and 7 more.

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Compare Magic Leap to Competitors

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Augmentir

Augmentir is a provider of AI-based connected worker solutions within the industrial sector. The company offers a suite of software tools designed to digitize and optimize frontline processes such as maintenance, quality, safety, and assembly, utilizing skills management, digital workflow, collaboration, and knowledge sharing. Augmentir's platform serves a variety of industries, including manufacturing, service, energy, and construction, to enhance safety, quality, and productivity for the industrial workforce. It was founded in 2018 and is based in Horsham, Pennsylvania.

Rokid Logo
Rokid

Rokid specializes in Augmented Reality (AR) products and services within the consumer and industrial sectors. It offers AR glasses designed for entertainment, virtual office work, and industrial applications, including remote collaboration, AI-powered inspections, and digital workflow integration. Rokid's products cater to both individual consumers. The company was founded in 2014 and is based in Redwood City, California.

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0glass

0glass is an online video platform that offers a wide range of free VIP TV series, latest movies, popular variety shows, and animated videos for streaming. The service is known for its high-speed playback and extensive video library, providing users with a resource-rich viewing experience. It was founded in 2014 and is based in Shenzhen, Guangdong.

Xreal Logo
Xreal

Xreal develops mixed reality wearables within the consumer electronics sector. It offers mixed reality glasses that provide a wide-screen and vivid display for user experiences. The company offers smart glasses, optical displays, and other visual-related technologies such as spatial positioning and scene recognition. Xreal was formerly known as Nreal. It was founded in 2017 and is based in Haidian, China.

RealWear Logo
RealWear

RealWear is a company specializing in the development of industrial smart glasses designed for frontline workers across various sectors. Their products are AI-voice-powered smart glasses that aim to enhance productivity, safety, and efficiency by providing hands-free operation and real-time access to information and expertise. RealWear's solutions are widely adopted in industries such as automotive, mining, oil & gas, warehousing, healthcare, and manufacturing. RealWear was formerly known as WearNext. It was founded in 2016 and is based in Vancouver, Washington.

T
ThirdEye Gen

ThirdEye Gen is a company that specializes in wearable smart technology, augmented and mixed reality software development, and artificial intelligence within the technology industry. The company's main offerings include smart glasses that provide hands-free computing and human interaction by displaying digital information directly in the user's field of view. ThirdEye Gen primarily serves sectors such as field service, healthcare, first response, aerospace, defense, automotive, telecom, and oil and gas. It was founded in 2016 and is based in Princeton, New Jersey.

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