Magic Leap, a start-up pursuing a next-gen computing paradigm that combines digital and physical realities, announced $793.5 millionin new funding, led by Alibaba Group.
Magic Leap is developing its Dynamic Digitized Lightfield Signal — the ability “to generate images indistinguishable from real objects and then being able to place those images seamless into the real world.”
The company said continued investment cam from Google, Qualcomm Ventures and others. New investment also came from Warner Bros., Fidelity Management, J.P. Morgan Investment Management,Morgan Stanley Investment Management, funds andaccounts advised by T. RowePrice Associates, and Wellington Management Company.
“Hereat Magic Leap we are creating anew world wheredigitaland physical realities seamlessly blend together to enable amazing newexperiences.This investmentwill acceleratebringing our new Mixed Reality Lightfield experience to everyone,” said Rony Abovitz,Founder, President, andCEO of Magic Leap.
http://www.magicleap.com/