Magic Leap- is it the next big company at silicon valley?

Magic Leap- is it the next big company at silicon valley

Have you played Pokemon Go? This is a company which you might say is based on a similar technology. Augmented Reality technology, which is used to depict artificial animations on the real world situations – just like the Pokemon in the Pokemon Go game. Well, if you want a more detailed and better definition of AR, here you go – Augmented reality (AR), is a live direct or indirect view of a physical, real-world environment whose elements are augmented by computer-generated sensory input such as sound, video, graphics or GPS data.

This company calls itself Magic Leap and is taking this AR technology to a whole new level. Magic Leap promises to bring in a whole lot of excitement into your room. Like what? Here are a few examples – Whales jump out of gymnasium floors, solar system can be held in the palm of your hand. Sounds amazing right?

With all that cool stuff said – what makes the company the next big company in silicon valley? The investments of course!

This company was founded in the year 2011 and just in the span of 3 years, it raised millions of dollars in funding. This includes the $542 million dollar investment into Magic Leap by Google. And now after series of funding and years in the industry this company was recently evaluated to be worth more than $4.5 billion. That is huge, isn’t it?

A six year old company with a $4.5 billion valuation is no joke. And with technology giants like Google backing the company, there is no doubt that this little guy will make it big in the Silicon Valley in the coming years.

AR and VR are the kind of technologies that are trending in today’s world. If you want to experience these wonders you need to own a good smartphone or the latest laptop. Don’t have one? That’s ok! Most of us don’t! But that is not the stop.

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