Tag: magic leap
BadVR is using government grants to build a business that’s independent of venture capital
When the Los Angeles-based extended reality data visualization company, BadVR, first heard that one of its earliest benefactors, Magic Leap, was about to shed 1,000 jobs and was fighting for its life, the young startup was unfazed. Despite the very public ties that BadVR had to Magic Leap, as one…
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Recommended Reading: The Magic Leap project the world may never see
Fading light: The story of Magic Leap’s lost mixed reality magnum opusAdi Robertson, The VergeLike a lot of companies this year, Magic Leap faced massive layoffs. The company was able to avoid those after it raised $350 million, but it did shift to e… Source
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Rony Abovitz confirms Magic Leap’s new funding, will step down as CEO
About a month after augmented reality company Magic Leap announced significant layoffs, things have seemingly turned around a bit. Last week we heard that many of the rumored 1,000 layoffs had been put on hold after the company secured $350 million i… Source
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After Math: Some good news for a change
Feels like we’ve gone a day short of forever without hearing something positive and reassuring about the state of this quarantine. Folks around the country and around the world are cooped up, stressed out, and just waiting for the other shoe to drop…. Source
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Magic Leap raises $350 million and puts layoffs on hold
Magic Leap has been struggling for quite a while now, but the past year has been especially difficult due to poor sales and the coronavirus pandemic. Back in April, the company announced that it’s laying off employees at every level, and The Informat… Source
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Magic Leap has apparently raised another $350 million, in spite of itself
Magic Leap has reportedly received a $350 million lifeline, a month after slashing 1,000 jobs and dropping its consumer business. Noted by Business Insider and confirmed by The Information, CEO Rony Abovitz sent a note to staff announcing the funding, courtesy of unnamed current and new investors. The who —…
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