Rumor: ar company Magic Leap gets major investment from medical company

Maker of ar glasses and ar software Magic Leap would receive a hefty investment from an undisclosed medical company. The US company recently laid off half of its staff and is now focusing more on business applications.

The investment would be close to completion, the company president wrote to his staff, according to The Information. There would also be interest from more medical companies, according to the memo from which the site quotes. According to Business Insider, the medical company would like to use the technology for operations.

The deal could still fail, both sites said. Looks like Magic Leap needs the money; it recently laid off half of its staff and announced that it would focus more on business applications and less on AR glasses for consumers.

Previously, it was rumored that Magic Leap was trying to be taken over. The Magic Leap One headset was released in August 2018. The nearly $2300 device is only available in the US and aimed at developers who want to create applications for augmented reality. At fifty degrees, the field of view is much more limited than that of many VR goggles. The Magic Leap One runs on LuminOS, its own operating system.