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Magic Leap is an [[Augmented Reality]] device founded by [[Rony Abovitz]] and developed by [[Magic Leap (Company)]]. Developing in stealth mode since 2011, Magic Leap 's goal is to create [[Cinematic Realism]]. The company has raised over 540 590 million dollars from [[Google]], Qualcomm, [[Andressen Horowitz]], Andreessen Horowitz, Kleiner Perkins, Legendary Entertainment and other investors.
Magic Leap is a headset with a tiny projector consist of specialized lenses and prisms that will beam images onto the user's retinas directly. Named [[Dynamic Digitized Lightfield Signal]] by Magic Leap, this process is different from the traditional stereoscopic 3D technology used in movies and other [[VR]] devices such as [[Oculus Rift]]. Dynamic Digitized Lightfield Signal does not trick your eyes to create 3D effects, instead it utilizes the projector to shine light into your eyes directly. The result is sharper and more realistic rendered imageries. Similar to [[HoloLens]], Magic Leap intends to use its technology to blend the real world with that of the artificial.
Magic Leap began as Magic Leap Studios based in Flordia, U.S. It was initially making a graphic novel and a series of featured films. In 2011, Rony Abovitz attended Comic-Con and released its first [[Virtual Reality]] app.
In February 2014, Magic Leap raised 50 million dollars in Series A round.
In October 2014, Magic Leap raised 542 million dollars in Series B round from [[Google]], [[Qualcomm Ventures]], Andressen Horowitz, Kleiner Perkins, Legendary Entertainment and Obvious Ventures.
[[Category:Augmented Reality Devices]]
