“We’re fundamentally a new kind of lightfield chip to enable new experiences,” said Magic Leap founder and CEO Rony Abovitz at a conference in June. “There’s no off-the-shelf stuff used. That’s the reason for the amount of capital we’ve raised — to go to the moon.” Abovitz also released Magic Leap’s software development kit and said the company was building out manufacturing facilities in Florida to develop components for the device.
See the full story here: http://www.forbes.com/sites/briansolomon/2015/12/09/secretive-augmented-reality-startup-magic-leap-raising-827-million/
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