First Details on Magic Leap 2, CEO Announces $500M in New Funding

Magic Leap at present introduced that it has raised $500 million in new capital at a $2 billion valuation. This comes forward of the launch of its upcoming AR headset, Magic Leap 2, which it guarantees will probably be smaller, lighter, and tuned to be an “all day” gadget.

New Capital

Magic Leap CEO Peggy Johnson took to CNBC at present through the channel’s Energy Lunch present to disclose that the corporate has raised a $500 million funding at a $2 billion valuation. The corporate didn’t disclose who participated within the funding spherical.

Magic Leap had beforehand raised some $three billion for its hyped AR headset which didn’t see almost as a lot traction as the corporate hoped for. It almost really feel aside final 12 months, and had gone so far as asserting important layoffs, earlier than a final minute funding of $350 million allowed it to restructure. Shortly thereafter, Peggy Johnson took over as CEO, changing founder Rony Abovitz, and commenced to pivot the corporate extra closely towards the enterprise sector.

The First Particulars on Magic Leap 2

Magic Leap 2 would be the first new product from the corporate since Johnson took the reins. Along with asserting the brand new funding at present on CNBC’s Energy Lunch, Johnson additionally teased extra in regards to the new AR headset.

Most apparently, maybe, she mentioned Magic Leap 2 will probably be an “all day, on daily basis” gadget, because of a extra compact and comfy kind issue. That is intriguing as a result of—if “all day” is to be believed—it suggests the headset can have considerably extra battery life than the three or so hours of the unique Magic Leap headset.

It stays to be seen how the corporate plans to attain this nevertheless. A very ‘all day’ AR headset could be a breakthrough within the business, as it might permit persistent and seamless augmentation of the actual world, quite than donning a cumbersome headset for choose use-cases. Nevertheless, Johnson could merely be alluding to the headset being comfy sufficient to put on all day, however provided that it stays powered off till particularly wanted.

However bulk and battery life isn’t the one barrier to true sensible ‘all day’ use. In a picture of Magic Leap 2 launched at present we will see that the headset will nonetheless deliver a notable penalty to 1’s personal field-of-view, just like the unique Magic Leap headset which considerably truncated the real-world FOV.

First Particulars on Magic Leap 2, CEO Broadcasts $500M in New Funding 5Picture courtesy Magic Leap

Johnson additionally claimed Magic Leap 2 will embody a brand new “segmented dimming” expertise which she says will permit the headset to be sensible in brighter environments, like an working room. She didn’t elaborate on the way it labored.

Magic Leap 2 can even characteristic improved “shade constancy,” “textual content legibility,” and “picture high quality,” in keeping with Johnson, in addition to “double the field-of-view.” We take this to imply ‘double the world‘ which is much less important than doubling the diagonal field-of-view, however it might be an enchancment none-the-less, probably bringing Magic Leap 2’s field-of-view on par with HoloLens 2.

Magic Leap says it plans to launch Magic Leap 2 in 2022, although it says “choose clients” are already utilizing the headset by means of an early entry program.

This story is breaking, examine again for extra particulars as we get them.

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