We know very little of Magic Leap. And yet, it continues to be on a path toward greatness.
The augmented reality company just closed on $502 million in funding, propelling their total venture funding to $1.9 billion. While that's far less than Uber, Slack, and other tech unicorns, Magic Leap is special because it has no product to show for it.
Well, at least not to the general public. Beyoncé has demoed it as well as investors.
Bey was reportedly bored, and other reports have surfaced that Magic Leap's AR technology is perhaps over-hyped. One of the product demos was actually overblown by a visual effects studio, The Information reported last year. A leaked prototype showed a janky backpack that looked far from ready for market, Business Insider revealed earlier this year. Read more...More about Virtual Reality, Augmented Reality, Vr Headset, Magic Leap, and Venture Capital