Magic Leap might be one of the most mysterious companies around these days. The startup recently started to raise fundings for a project we don’t really know much about. One thing is sure, the project must be a truly interesting one, as it managed to capture the attention of huge investors, such as Alibaba Group, Janus Henderson, Fidelity Management and others. Just in the latest, Series D round, the startup company managed to raise over $502 million. Overall, it seems that the company raised more than $1.9 billion in order to move on with its presumably huge project.
Even though there is not too much information available regarding what Magic Leap is currently working on, it most likely has something, or everything to do with augmented reality. This area is quite popular, however, at this point, it still needs a lot of perfecting. it is possible that Magic Leap is working on the device that will finally make augmented reality justice. It’s not quite clear whether it will be some kind of glasses or full headset, though. Googles seem to be the safest bet, but you can never know what developers prepare for us nowadays. A great mixed reality device would be welcome by many, that’s for sure. After all, what can be cooler than mixing virtual reality with the real world we live in?
Rumor has it that the device Magic Leap is working on will be called Magic Leap One. Naturally, this moniker makes us think that it will be one of the many devices to come from the company. Hopefully, they will get better and better with every generation. Since the company is still raising funds, it’s safe to say that there will be months before it will actually launch something. Magic Leap is probably still developing the product and it will go into mass production just after it perfects it. This could take months, maybe even years. The good thing is that it seems like there will be no problems with the funding of the project. Magic Leap One already raised a ton of money, and it will probably be enough to complete the process and actually deliver a great product in the end.
Unfortunately, there is a high chance that the product Magic Leap is working on will be a quite expensive one. Previous reports suggested that we might be talking about an augmented reality device that could sell for no less than $2,000. Of course, for this price to be a reasonable one, the Magic Leap One needs to be a really amazing gadget. Hopefully, we will find out more about what exactly Magic Leap is working on soon.