Magic Leap somehow raised $500M to make another AR headset

0xy | karma 1470 | avg karma 0.98 · 2021-10-11 18:18:15

Who's pouring cash into this money pit? Why doesn't it say who participated in the round?

late2part | karma 1977 | avg karma 1.62 · 2021-10-11 18:37:09

Perhaps they are investing in themselves? AR Turtles all the way down?

moralestapia | karma 5625 | avg karma 2.25 · 2021-10-11 19:54:07

Honk honk! :^)

nickhalfasleep | karma 856 | avg karma 3.19 · 2021-10-11 20:14:15

It’s going to be a hololens 2 with tape over the name, isn’t it?

Their developer tools were an unholy mix of libraries.

reply

thoughtstheseus | karma 778 | avg karma 1.25 · 2021-10-11 22:17:23

The $500 could be senior to the rest of the capital structure and accruing maybe.

rowanG077 | karma 2770 | avg karma 0.92 · 2021-10-12 02:10:49

A lot of negativity in the comments. And I agree that their first headset sucked. But I'm still excited about the next one. The Hololens 2 is considerably better then the first. If Magic Leap can manage a similar jump that would great for AR.

jsemrau | karma 1963 | avg karma 1.78 · 2021-10-12 03:00:00

The key strategic objective should be cross-integration and interoperability with the metaverses and secondly the ability to earn money.

mrkramer | karma 2795 | avg karma 1.67 · 2021-10-12 05:49:45

Another Theranos in the making.