Magic Leap raises over $50 million

Posted Feb 5, 2014

Magic Leap is a human computing interface and software company that has raised over $50 million in seed and Series A funding. The funding will be used for developing their proprietary technology platform. Magic Leap plans to use the funding to advance product development and commercialization of their human computing interface technology called Cinematic Reality.

“Magic Leap’s mission is to develop and commercialize what we believe will be the most natural and human-friendly wearable computing interface in the world. What is remarkable is how well the human body and mind respond when technology respects biology, so truly magical experiences become possible.  In this new world of the intimate relationship between computing and human sensory systems, Magic Leap is bending its proprietary technology to meet the very human needs of our future users and co-creators,” stated Magic Leap president and CEO Rony Abovitz. “Our technology exists to unlock the creative spark found in all of us.”

Abovitz is known for being a co-founder of MAKO Surgical. MAKO was a company that built human-interactive robotics for orthopedic surgery. Stryker acquired MAKO for $1.65 billion in December 2013.