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Saudi Arabia Gains Majority Stake in Magic Leap in $450M Deal

AR Investment, Investment, Magic Leap, magic leap 2, magic leap investment, ml, ml2, News / via roadtovr on January 3, 2023

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Saudi Arabia has taken majority share of the US-based augmented reality company Magic Leap, The Telegraph reports, widening the stake via its state-owned sovereign wealth fund with a deal amounting to $450 million.

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Varjo Raises $40M Series D Funding to Expand Cloud-based XR Platform

AR Industry, AR Investment, Investment, News, varjo, varjo funding, varjo investment, varjo metaverse, Varjo Reality Cloud, varjo series d, varjo series d investment, vr industry, VR Investment / via roadtovr on September 8, 2022

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Varjo, maker of high-end enterprise XR headsets, this week announced it has raised a $40 million Series D investment to continue building its Varjo Reality Cloud software and deliver a “true-to-life industrial metaverse.”

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Google Acquires MicroLED Startup Raxium to Bolster AR Ambitions

AR Investment, google, google ar, google ar glasses, google ar headset, google augmented reality, google xr, google xr glasses, Investment, News, Project Iris, raxium, VR Investment / via roadtovr on May 5, 2022

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Google is adding to its portfolio of XR microdisplay designs and talent, as the company announced it’s acquired microLED (µLED) designer Raxium.

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