About Magic Leap
Magic Leap is a company based in Plantation (United States) founded in 2011 was acquired by Public Investment Fund in December 2022.. Magic Leap has raised $4.07 billion across 12 funding rounds from investors including Google, Fidelity Investments and AT&T. The company has 824 employees as of December 31, 2022. Magic Leap has completed 5 acquisitions, including Computes, Fuzzycube Software and Mimesys. Magic Leap offers products and services including Magic Leap 2 and Optics Technologies. Magic Leap operates in a competitive market with competitors including Avegant, Nimo, Thunderbird Innovation, Rokid and Em3Ai, among others.
- Headquarter Plantation, United States
- Employees 824 as on 31 Dec, 2022
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.07 B (USD)
in 12 rounds
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Latest Funding Round
$590 M (USD), Series H
Jan 15, 2024
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Investors
Google
& 25 more
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Employee Count
824
as on Dec 31, 2022
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Investments & Acquisitions
Computes
& 4 more
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Acquired by
Public Investment Fund
(Dec 28, 2022)
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Products & Services of Magic Leap
Magic Leap offers a comprehensive portfolio of products and services, including Magic Leap 2 and Optics Technologies. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Immersive see-through augmented reality device for human-digital experiences.
Advanced optics for clarity and stability in AR applications.
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Funding Insights of Magic Leap
Magic Leap has successfully raised a total of $4.07B across 12 strategic funding rounds. The most recent funding activity was a Series H round of $590 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series H — $590.0M
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First Round
First Round
(05 Feb 2014)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series H - Magic Leap | Valuation | Public Investment Fund |
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| Oct, 2021 | Amount | Series G - Magic Leap | Valuation |
investors |
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| May, 2020 | Amount | Series F - Magic Leap | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magic Leap
Magic Leap has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Google, Fidelity Investments and AT&T. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magic Leap
Magic Leap has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Computes, Fuzzycube Software and Mimesys. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based AR glasses are manufactured for industrial applications.
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2017 | ||||
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3D holographs of humans are integrated into VR/AR applications.
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2015 | ||||
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3D staging mobile app for real estate companies
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magic Leap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magic Leap Comparisons
Competitors of Magic Leap
Magic Leap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Avegant, Nimo, Thunderbird Innovation, Rokid and Em3Ai, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hardware and software-based light field technology solutions are developed.
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| domain | founded_year | HQ Location |
Spatial computing wearable devices are provided for multi-screen workspaces.
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| domain | founded_year | HQ Location |
AR glasses are developed for AI-based spatial computing.
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| domain | founded_year | HQ Location |
Artificial intelligence-based smart AR glasses are provided for information exchange.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions using MR-based smart glasses for enhanced user experiences.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magic Leap
Frequently Asked Questions about Magic Leap
When was Magic Leap founded?
Magic Leap was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Magic Leap located?
Magic Leap is headquartered in Plantation, United States. It is registered at Plantation, Florida, United States.
Who is the current CEO of Magic Leap?
Ross Rosenberg is the current CEO of Magic Leap.
Is Magic Leap a funded company?
Magic Leap is a funded company, having raised a total of $4.07B across 12 funding rounds to date. The company's 1st funding round was a Series F of $350M, raised on Feb 05, 2014.
How many employees does Magic Leap have?
As of Dec 31, 2022, the latest employee count at Magic Leap is 824.
What does Magic Leap do?
Magic Leap is a provider of a head-mounted virtual retinal display to view augmented reality. The companys first product is Magic Leap One and is claimed to superimpose augmented reality by projecting a digital light field into the users eye. Features include digital light-field, visual perception, persistent objects, sound-field audio, high powered chipset, and next-gen interface.
Who are the top competitors of Magic Leap?
What products or services does Magic Leap offer?
Magic Leap offers Magic Leap 2 and Optics Technologies.
How many acquisitions has Magic Leap made?
Magic Leap has made 5 acquisitions, including Computes, Fuzzycube Software, and Mimesys.
Who are Magic Leap's investors?
Magic Leap has 26 investors. Key investors include Google, Fidelity Investments, AT&T, Alibaba Group, and Warner Bros.
What is Magic Leap's valuation?
The valuation of Magic Leap is $2B as of Oct 2021.
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