Magic Leap, Inc.
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Magic Leap, Inc. - overview
Established
2011
Location
Plantation, FL, US
Primary Industry
Consumer Products
About
Founded in 2011 and based in Florida, US, Magic Leap, Inc. operates as a spatial-computing company. As of 2021, Peggy Johnson is the CEO of the company. In 2019, Magic Leap, Inc.
raised USD 280 million in venture funding led by new investor NTT DOCOMO Ventures. In 2020, the company raised USD 350 million in venture funding from unspecified new and returning investors. In October 2021, it raised USD 500 million in venture funding from unspecified investors. The company develops and manufactures an augmented reality platform called Magic Leap One, a wearable headset equipped with computer vision and spatial audio that enables digital objects to interact with the physical environment both visually and audibly.
The company also offers augmented reality (AR) solutions that allow content creators to create and display interactive digital content in physical space and objects. Its AR solutions for enterprises help optimize processes, productivity and upskill the workforce. Magic Leap, Inc. plans to use the venture funding in October 2021 to focus on delivering augmented reality (AR) solutions, including the roll-out of its second-generation product "Magic Leap 2" by 2022.
Current Investors
Public Investment Fund, T Rowe Price, Temasek Holdings
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Application Integration Software, Analytics & Performance Software
Website
www.magicleap.com
Verticals
Augmented Reality (AR), E-commerce, Manufacturing, Wearables & Quantified Self
Total Amount Raised
Subscriber access only
Magic Leap, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Completed | Magic Leap, Inc. | - |
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