About Magic Leap
Magic Leap is a Technology company based in Plantation (United States) founded in 2011, and was acquired by Public Investment Fund in December 2022. Head-mounted virtual retinal displays for augmented reality viewing are provided. Magic Leap has raised $3.48 billion across 12 funding rounds from investors including Google, Fidelity Investments and AT&T. The company has 1,213 employees. Magic Leap has completed 5 acquisitions, including Computes, Fuzzycube Software and Mimesys. Magic Leap was last valued at $2 billion in December 2022. Its chief executive, as recorded, is Ross Rosenberg. Its website magicleap.com draws about 57 thousand monthly visits. Magic Leap offers products and services including Magic Leap 2 and Optics Technologies. Its focus areas include High Tech, Wearable Technology, Smart Glasses and Spatial Computing. Its competitors include Avegant, Nimo and Rokid; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Plantation, United States
- Employees 1,213
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website magicleap.com
- Social LinkedIn X Facebook
- Acquired by Public Investment Fund (Dec 2022)
- Total Equity Funding$3.48B (USD)
in 12 rounds
- Latest Funding Round$590M (USD), Series H
Jan 2024
- InvestorsGoogle
& 38 more
- Employee Count1,213
- Investments & AcquisitionsComputes
& 4 more
- Acquired byPublic Investment Fund
(Dec 2022)
Products & Services of Magic Leap
Magic Leap offers a comprehensive portfolio of products and services, including Magic Leap 2 and Optics Technologies.
Immersive see-through augmented reality device for human-digital experiences.
Advanced optics for clarity and stability in AR applications.
Funding Insights of Magic Leap
Magic Leap has successfully raised a total of $3.48B 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 $3.48B
- Total Rounds 12
- Last Round Series H — $590M
- First Round $50M
(Feb 2014)
- Investors Count 39
Latest 10 of 12 funding rounds of Magic Leap with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $590M | Series H | – | Public Investment Fund | – |
| Oct 2021 | $500M | Series G | $2B | – | – |
| May 2020 | $350M | Series F | – | – | – |
| Nov 2019 | Series E | – | JPMorgan Chase | – | |
| Apr 2019 | $280M | Series D | – | Ntt DoCoMo | – |
| Jul 2018 | Series D | $6B | – | ||
| Mar 2018 | $461M | Series D | – | Public Investment Fund | |
| Feb 2018 | Series D | – | – | ||
| Oct 2017 | $502M | Series D | – | Temasek | |
| Feb 2016 | $793.5M | Series C | $••••• | Alibaba Group |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $2B | •••••••• |
| Jul 2018 | $6B | •••••••• |
| Feb 2016 | $••••• | •••••••• |
Full valuation and stage history of Magic Leap
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $2B (Dec 2022). 39 investors in total: 38 institutional and 1 angel.
Investors in Magic Leap
Magic Leap has secured backing from 39 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Google, Fidelity Investments and AT&T.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Government-backed investments are directed toward healthcare, fintech, and various sectors. | edbi.com | Singapore, Singapore | ||
Multiple sectors are targeted for venture capital investments. | 1934 | janushenderson.com | London, United Kingdom | |
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Investments are made in early-stage healthcare startups. | wellington-partners.com | Munich, Germany | ||
Provider of venture capital investments across planetary, human, and economic health | obvious.com | San Francisco, United States | ||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Private equity investments are backed by a single-family office firm. | capital.vulcan.com | Seattle, United States | ||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States |
Investor details for Magic Leap
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People of Magic Leap
255 people are tracked at Magic Leap (85 in leadership, 170 in team); the tracked headcount is 1,213.
| Name | Role | Group |
|---|---|---|
Ross Rosenberg | CEO | Leadership |
Jing Li | Director, Product Experience Design | Leadership |
Fiona W. | Director, Communications Operations | Leadership |
Alberto Bandera | New Product Introduction TPM - Director | Leadership |
Alejandro Lopez | Principal Mechanical Engineer, Director | Leadership |
Bc Borisoff | Senior Director, Factory Test Engineering | Leadership |
Adnan Adil | Chief Information Officer And Platform Engineering | Leadership |
Hagit Gideoni | Director, Software Engineering | Leadership |
Mark Rushton | Senior Director Of Software Engineering | Leadership |
Erik Arend | Sr Director, Distinguished Optical Engineer | Leadership |
Ingrid Dasilva | Director, Principal Hardware Enginer | Leadership |
Biren Patel | Senior Director | Leadership |
Rajesh Bisoi | Director Of Engineering, Embedded & DSP Software, Audio & Voice Input | Leadership |
Anshul Jain | Snr Director, Head Of TPM And Next Generation R&d | Leadership |
Danny Carson | Senior Director - Head Of Product & User Research | Leadership |
Jehangir Tajik | Director, Connected Services | Leadership |
Ben Stiles | Senior Director, Embedded Software Engineering | Leadership |
Jose Rodriguez | VP Of Hardware At Magic Leap | Leadership |
Anil Patel | Vice President, Embedded SW | Leadership |
George Menzel | Senior Vice President Software And Engineering Services | Leadership |
235 more people are available in the full profile.
Complete people profiles for Magic Leap
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
3D holographs of humans are integrated into VR/AR applications. | mimesysvr.com | Paris, France | 2015 | May 2019 | •••• | |
Cloud-based AR glasses are manufactured for industrial applications. | computes.com | Phoenix, United States | 2017 | Oct 2018 | •••• | |
Video games are developed and outsourced by this independent studio. | fuzzycubesoftware.com | Mckinney, United States | 2009 | Apr 2017 | •••• | |
3D staging mobile app for real estate companies | virtroid.com | Santa Clara, United States | 2014 | Aug 2016 | •••• | |
Cybersecurity threats are prevented and mitigated via consulting and research. | north-bit.com | Herzliya, Israel | 2012 | Apr 2016 | •••• |
Complete acquisition details for Magic Leap
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Timeline of Magic Leap
10 dated milestones of Magic Leap across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Magic Leap is founded.
- Funding First funding round of $50.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires NorthBit.
- Acquisition Acquires Virtroid.
- Acquisition Acquires Fuzzycube Software.
- Acquisition Acquires Computes.
- Acquisition Acquires Mimesys.
- Exit Acquired by Public Investment Fund.
- Funding Latest funding round, Series H, of $590.0M.
Competitors of Magic Leap
Magic Leap has 3 listed competitors in our database, 3 of them funded. They include Avegant, Nimo and Rokid.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avegant.com | 2012 | Belmont, United States | $81.7M | 20 | Hardware and software-based light field technology solutions are developed. | |
| nimoplanet.com | 2016 | Milpitas, United States | $100,000 | Spatial computing wearable devices are provided for multi-screen workspaces. | ||
| rokid.com | 2014 | Redwood, United States | $5.58M | Artificial intelligence-based smart AR glasses are provided for information exchange. |
Detailed competitors of Magic Leap
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Web traffic of Magic Leap
The website of Magic Leap (magicleap.com) receives about 56.8K visits a month.
- Monthly visits56.8K
▲ 3.9% vs previous month
Websites whose visitors overlap most with Magic Leap. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
thefwa.com | thefwa.com | 100% | #283,060 | – | |
| arborxr.com | 84% | 69.9K | #565,431 | View details | |
| iottechnews.com | 82% | #2,125,180 | View details | ||
| facebook.com | 82% | 12.1B | #3 | View details | |
| nomtek.com | 77% | 37.2K | #886,852 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for Magic Leap
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- 29 similar websites
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Top companies in Augmented & Virtual Reality Solutions
3 companies that operate in the same segment as Magic Leap (Augmented & Virtual Reality Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Augmented reality mobile games are designed and developed. | 2011 | San Francisco, California, United States | USD 772.84 M | USD 166.77 K | 584 | |
Hardware-based iPad games for children are developed. | 2013 | Palo Alto, California, United States | USD 36 M | 112 | ||
Provider of wearable heads-up display for industrial workers | 2016 | Vancouver, Washington, United States | USD 145.48 M | USD 1.11 M | 19 |
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Related news about Magic Leap
Complete news archive for Magic Leap
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Frequently Asked Questions about Magic Leap
Magic Leap was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Magic Leap is headquartered in Plantation, United States. It is registered at Plantation, Florida, United States.
Ross Rosenberg is the CEO of Magic Leap, as recorded in our data.
Magic Leap is a funded company, having raised a total of $3.48B across 12 funding rounds to date. The company's 1st funding round was a Series C of $793.5M, raised on Feb 2014.
Magic Leap has 1,213 employees.
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.
Magic Leap offers Magic Leap 2 and Optics Technologies.
Magic Leap has made 5 acquisitions, including Computes, Fuzzycube Software, and Mimesys.
Magic Leap has 39 investors. Key investors include Google, Fidelity Investments, AT&T, Alibaba Group, and Warner Bros.
The valuation of Magic Leap is $2B as of Dec 2022.
Yes. Magic Leap was acquired by Public Investment Fund in December 2022.