Magic Leap Inc. - Market Research Report

Company Overview

• Name: Magic Leap, Inc.

• Mission: Leading innovation in augmented reality by combining industry-leading optics, scalable production, and AI capabilities for immersive AR experiences.

• Founded: Fourteen years ago

• Founders: No information is available

• Key People:

• Ross Rosenberg (Chief Executive Officer)

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Augmented reality technology advancements and industry-leading AR devices.

Products

Magic Leap 2

• Description: An advanced AR device with patented optics technology designed and built in-house.

• Key Features:

• Optics:

• Transparent lenses for unobstructed view of the physical world.

• Minimal lag, distortion-free blending of digital content.

• Ergonomics:

• Lightweight and ergonomic design intended for all-day comfort.

• Multi-user functionality.

• Compute Power:

• High-performance CPU/GPU for running customized AR apps.

• Ease of Use:

• Straightforward experience with multiple simultaneous controls.

• Enterprise Readiness:

• Secure, open platform optimized for integration into a variety of workflows.

• Developer Friendliness:

• Robust tools and community support for seamless AR app creation and deployment.

Recent Developments

Partnerships and Collaborations

• May 30, 2024: Magic Leap announced a partnership with Google to advance the potential of XR technologies.

• April 12, 2023: Collaboration with NVIDIA to advance digital twins for enterprises.

Product and Features Enhancements

• November 8, 2023: New features on Magic Leap 2 empowering developers and enhancing enterprise AR solutions.

• April 25, 2023: Magic Leap 2 now natively supports OpenXR™️.

Compliance and Certifications

• September 11, 2023: Magic Leap 2 is TAA compliant.

• January 5, 2023: Magic Leap 2 received 60601 certification for use in the operating room.

Key Market Deployments

• March 25, 2024: Release of NVIDIA IGX + Magic Leap 2 XR Bundle.

• April 18, 2023: Audi Design used Magic Leap 2 to develop a new AR-based driver interface.