Business Today

The Secret of Magic Leap

As of now, there is just a headset from the Florida based company while we wait for its mixed reality vision to become ours.

For a company that has been doing something mysterious for the past six to seven years, Magic Leap has raised a lot of funding no less than $1.9 billion. Its investors include the Alibaba Group, Fidelity Management & Research Company, Google LLC, J.P. Morgan Investment Management, Temasek EDBI, and funds and accounts advised by T. Rowe Price Associates, Inc.

The company is valued at $4.5 billion. Fascinatingly, until recently, the start up has had no product to

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today4 min read
Watch that Wrist
Bulgari has once again set the world record for creating the thinnest watch on the planet with the Octo Finissimo Ultra COSC, which is 1.70 mm thick, even thinner than the 1.80 mm it had achieved in 2022. The new watch, limited to only 20 pieces, als
Business Today1 min read
Tough Times
1 Thierry Delaporte, Wipro’s seventh CEO who joined the firm in 2020, quit before his tenure was set to end 2 In this, he follows his predecessor Abidali Neemuchwala, who joined Wipro from TCS 3 Wipro has been hit by the exits of senior executives, a
Business Today2 min read
Business Today
Chairman & Editor-in-Chief: Aroon Purie Vice Chairperson & Executive Editor-in-Chief: Kalli Purie Group Chief Executive Officer: Dinesh Bhatia Executive Director: Rahul Kanwal Chief Operating Officer: Alok Nair Editor: Sourav Majumdar Group Creative

Related Books & Audiobooks