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Official Magic Leap 2 Details Released, $500m New Funding Raised

It certainly seems to be hardware season where virtual reality (VR) and augmented reality (AR) is concerned. HTC Vive has a special event planned this week, Lynx-R1 launched a Kickstarter, Canon EOS VR was unveiled and now the first proper look at Magic Leap’s next device. Not only that, the company has managed to raise a further $500 million USD in funding.

Magic Leap CEO Peggy Johnson initially teased the first image on Monday before an interview with CNBC. This has been followed up with further imagery of a much sleeker looking device. In a similar arrangement to the original model, the Magic Leap 2 has a pair of central cameras but this time there are two additional sensors just below them. There’s an additional lens on the corner that looks tilted outwards by around 45-degrees, presumably for a wider capture field.

Actual specifications regarding the Magic Leap 2 haven’t been released just yet, Johnson has mentioned that the: “headset boasts critical updates that make it more immersive and even more comfortable,” increasing its field of view (FoV) – as seen in the image above – vertically rather than horizontally. It’ll also come with a dimming feature that the CEO says is: “a first-to-market innovation that enables the headset to be used in brightly lit settings.”

Johnson is also keen to point out that the Magic Leap 2 aims to achieve the company’s goal of a device suitable for “all day, everyday use”. “All day” would be quite the achievement considering the Magic Leap 1 was good for 3.5 hours of continuous use. That could indicate a much larger battery, improved power consumption or hot-swappable battery for users.

To help bring the Magic Leap 2 to market, Magic Leap has managed to raise an additional $500 million on top of the billions previously raised.

“This investment is an important step in advancing Magic Leap’s mission to transform the way we work,” said Peggy Johnson in a blog post. “With ongoing support from our existing investors, Magic Leap will have greater financial flexibility and the resources needed to continue our growth trajectory as we expand on our industry-leading AR technology.”

Magic Leap 2 is already in select enterprise customer hands via an early access program. Sales of the headset will begin at some point in 2022. For continued updates, keep reading VRFocus.

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