If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Magic Leap takes new investment from AT&T

Magic Leap One will ship to devs this summer, CEO teases second product Magic Leap Next

AT&T has made a strategic investment in Magic Leap, the enigmatic mixed reality startup that has already raised billions in venture funding.

Neither company disclosed the value of the investment, but it arrives alongside a deal that will make AT&T the exclusive "wireless distributor" for Magic Leap products in the US.

"We've joined with AT&T because we believe in a combined vision of expanding high-speed networks, edge computing, and deep integration with creative content," said Magic Leap CEO Rony Abovitz in a statement.

"Coupling the strength of the evolving AT&T network with Magic Leap's spatial computing platform can transform computing experiences for people."

Magic Leap is perhaps wise not to mention the size of this investment, because the amount of funding it has raised since it emerged has created a level of anticipation the product may not be able to match. In March this year, it added a further $461 million in funding, taking its lifetime total well beyond $2 billion.

However, the company's first product, Magic Leap One, will arrive sooner than some might think. In a Twitch stream yesterday, watched by Techcrunch, Magic Leap said the device would ship this summer, the very season that we're currently in. No price was mentioned, but it did confirm that the device would run on Nvidia Tegra X2.

In a tweet, Abovitz also teased a second product, Magic Leap Next, some "hints" about which will be released later this week.

You can see the full Magic Leap stream, which also includes a software demo, in the video below.

Cover image for YouTube video
Related topics
Matthew Handrahan avatar

Matthew Handrahan


Matthew Handrahan joined GamesIndustry in 2011, bringing long-form feature-writing experience to the team as well as a deep understanding of the video game development business. He previously spent more than five years at award-winning magazine gamesTM.