- Magic Leap has raised $1.4 billion from a variety of investors including Google, Kleiner Perkins, Andreessen Horowitz, Qualcomm, Warner Bros., Alibaba, Fidelity, J.P. Morgan and Morgan Stanley.
- A recent Series C funding round valued the company at $4.5 billion.
- CEO Rony Abovitz said Magic Leap is “gearing up to build millions” of devices.
- Although still in stealth mode, demos, developer kits, press releases and interviews have provided a good sense of what the device is and how it works.
- The initial product is expected to include video and audio. Eventually, touch and other senses will be added.
- Microsoft is working on a HoloLens mixed-reality video creation app called Actiongram
- Closed Beta 1 for Actiongram began in early February and will last through March 31, according to Microsoft’s schedule. A second, larger closed beta will run from early April until late May
- An open beta for the app will run from June through the end of October 2016
- It may launch a Bluetooth clicker for the device, according to newly revealed closed-beta documents
- Could be used for those who find air taps and gestures difficult to master, or tiring to perform
- Augmented reality “is going to be massive,” believes Osterhout Design Group‘s Pete Jameson.
- “It’s going to start out in the enterprise market (and) then start to move in the consumer environment faster than we think,” he explained
- Smart sensors and the internet of things will transform “the city of the future into a portal we interact with,” according to Esmeralda Swartz, vice-president of marketing, enterprise and cloud at communications firm, Ericsson