BOSTON – December 10, 2019 – PTC (NASDAQ: PTC) today announced a strategic alliance with Magic Leap that will allow enterprise and industrial customers to combine the augmented reality (AR) capabilities of its market-leading Vuforia ® Engine solution with the powerful Magic Leap 1 wearable headset. Florida-based augmented reality startup Magic Leap Inc is exploring options, including a sale, Bloomberg reported on Wednesday, citing people familiar with the matter. They’ve been working on it for six years and collected $1.9 billion (yes, with a B) investments from giants like Google, Alibaba, Qualcomm. US Courts says Magic Leap has failed to state their claims against Nreal. All of that was true in the case of Magic Leap, the headline-grabbing augmented reality startup that raised more than $2.6 billion in VC between 2014 and 2019, according to PitchBook data. Look before you Magic Leap: Six things our tech columnist learned using the first public version of the augmented-reality goggles that hope to replace your phone. The Magic Leap headset would constantly be plotting it's position, direction, distance, speed, and acceleration while feeding those cues back to the augmented reality display. How Magic Leap’s Augmented Reality Works. Look before you Magic Leap: Six things our tech columnist learned using the first public version of the augmented-reality goggles that hope to replace your phone. In the late nineteenth century, the advent of the motion picture wowed audiences with a new storytelling medium. Nearly a century and a half later, augmented reality is establishing a new frontier in film. Magic Leap Inc., the startup that raised more than $2 billion to build an augmented-reality device, is exploring options including a sale, according to people familiar with the matter. Alliance Extends the Capabilities of Vuforia Engine with Magic Leap 1. Spotify has released a version of its music streaming app on Magic Leap’s headset, the augmented reality company announced today.The app will show a location-aware three-dimensional … Testing the Magic Leap … Essential reading: The best augmented reality glasses you can buy now. Magic Leap and the capital markets. After a couple of minutes, my first taste of Magic Leap mixed reality tech is done. Back in June of 2019, Magic Leap filed a lawsuit against Nreal claiming the company stole technology and design that belonging to the Florida-based AR company. Virtual and augmented reality headset developer Magic Leap said it has made company-wide layoffs, which Bloomberg reported claimed roughly half of its workforce of about 2,000 people. What we know: Magic Leap is a mysterious startup from US (not even from Silicon Valley, but suburban Florida) working on a head-mounted display for augmented reality. Augmented Reality AR, Virtual Reality VR, Mixed Reality MR, Extended Reality XR, Spatial Computing. Magic Leap accused Nreal founder and former Magic Leap employee Chi Xu of “blatant copying” and taking a “free ride on Magic Leap… But the coronavirus pandemic has brought an abrupt end to the good old days for many startups. Augmented reality jumped into the mainstream in 2017 thanks to fun demos on iPhones and Google's Pixel phones, but Magic Leap's sudden reveal points to bigger things happening next year. Augmented reality is a comparatively longer funding process than other industries, with VCs trickling in cash instead of making big bold bets in the firms’ …
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