When was Magic Leap founded?

Magic Leap was founded in 2011 and raised its 1st funding round 3 years after it was founded.

Where is Magic Leap located?

Magic Leap is headquartered in Plantation, United States. It is registered at Charlotte, North Carolina.

How many employees does Magic Leap have?

As of Mar 31, 2026, the latest employee count at Magic Leap is 1213.

Is Magic Leap a funded company?

Magic Leap is a funded company, having raised a total of $3.48B across 12 funding rounds to date. The company's 1st funding round was a $50M Series A round, raised on Feb 05, 2014.

How much is Magic Leap worth?

The last known valuation of Magic Leap was $2B as of Dec 26, 2022.

When was the latest funding round of Magic Leap?

Magic Leap's latest funding was a $590M Conventional Debt round on Jan 15, 2024, with participation from 1 investor.

Is Magic Leap a Wearable Technology company?

The primary sectors of Magic Leap are Wearable Technology, Augmented Reality and Display Technology.

Where does Magic Leap rank among its competitors?

Magic Leap ranks 1st amongst 17 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Inair, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of Magic Leap?

Magic Leap's top competitors include Dispelix, Avegant and Rokid. Among them, Inair secured the most recent funding round in April, 2026.

Magic Leap - 2026 Company Profile, Team, Funding & Competitors

Magic Leap is an acquired company based in Plantation (United States), founded in 2011 by Rony Abovitz. It operates as a Provider of a head-mounted virtual retinal display to view augmented reality. Magic Leap has raised $3.48B in funding from investors like Public Investment Fund, Google and Temasek, with last known valuation of $2B. The company has 17 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Dispelix, Avegant and Rokid.

Sectors and market segments that Magic Leap operate in

Magic Leap serves in the High Tech, Internet of Things - Industry Applications, Semiconductors market segments.The primary business model of Magic Leap are:

Company Details

Magic Leap is a provider of a head-mounted virtual retinal display to view augmented reality. The company's first product is Magic Leap One and is claimed to superimpose augmented reality by projecting a digital light field into the user's eye. Features include digital light-field, visual perception, persistent objects, sound-field audio, high powered chipset, and next-gen interface.

Website: www.magicleap.com/
Social
Email ID: *****@magicleap.com
Registered Address: Charlotte, North Carolina

Key Metrics

Founded Year

2011

Location

Plantation, United States

Stage

Acquired

Total Funding

$3.48B in 12 rounds

Latest Funding Round

Conventional Debt, Jan 15, 2024, $590M

Last Known Valuation

$2B as on Dec 26, 2022

Investors

Public Investment Fund & 44 more

Ranked

1^st among 17 active competitors

Employee Count

1,213 as on Mar 31, 2026

Investment & Acquisitions

Mimesys & 4 more

Similar Companies

Avegant & 11 more

Exit Details

Acquired by Public Investment Fund (Dec 28, 2022)

View Magic Leap's full profile

Magic Leap is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Magic Leap, Inc. CIN: 4978270 , United States, Active	May 05, 2011	-	-	-
Magic Leap Inc. CIN: 0018y00000AF5qAAAT , United States, Active	Oct 24, 2023	-	-	-
MAGIC ONE LLC CIN: 202697080 , United States, Active	Dec 31, 1999	-	24 (As on Dec 31, 2022)	-
MAGIC LEAP. INC. CIN: 453243237 , United States, Active	Dec 31, 1999	-	903 (As on Dec 31, 2024)	-

Magic Leap got acquired by Public Investment Fund on Dec 28, 2022 at an acquisition amount of $*****.

Click here to take a look at Magic Leap's acquisition in detail

Magic Leap has raised a total funding of $3.48B over 12 rounds. Its first funding round was on Feb 05, 2014. Its latest funding round was a Conventional Debt round on Jan 15, 2024 for $590M. 1 investor participated in its latest round. Magic Leap has 44 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Magic Leap:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 15, 2024	$590M	Conventional Debt	-	-	Public Investment Fund	-
Oct 11, 2021	$500M	Series G	$2B	-	-	-
May 21, 2020	$350M	Series F	-	-	-	-

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View details of Magic Leap's funding rounds and investors

The founders of Magic Leap is Rony Abovitz.

Here are the details of Magic Leap's key team members:

Rony Abovitz: Former Founder of Magic Leap. They serve on the board of 1 company.
Contact Info: 1 email address

View details of Magic Leap's Founder profiles and Board Members

Magic Leap's employee count trend

Magic Leap has 1,213 employees as of Mar 26. Here is Magic Leap's employee count trend over the years:

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Top competitors of Magic Leap include Dispelix, Avegant and Rokid. Here is the list of Top 10 competitors of Magic Leap, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Magic Leap 2011, Plantation (United States), Acquired	Provider of a head-mounted virtual retinal display to view augmented reality	$3.48B	K2 Global, Syren Capital Advisors & 43 others	71/100
2nd	Dispelix 2015, Espoo (Finland), Acquired	Developer of waveguide displays for augmented reality devices and glasses	$54.6M	Lifeline Ventures, Voima Ventures & 8 others	60/100
3rd	Avegant 2012, Belmont (United States), Series C	Develops hardware and software-based light field technology solutions	$81.7M	Intel, Liaison Interactive & 12 others	57/100
4th	Rokid 2014, Redwood City (United States), Series C	Provider of artificial intelligence-based smart AR glasses	$5.58M	Jinjue Investment, Ningbo Ruicheng & 28 others	56/100
5th	Allfocal Optics 2022, Cambridge (United Kingdom), Series A	Developer of nanophotonic technology for displays offering enhanced visual experiences	$6.94M	Speedinvest, University of Oxford & 14 others	44/100
6th	Focally 2020, Bengaluru (India), Unfunded	AR spatial computing devices	-	-	42/100
7th	ARKH 1998, Dallas (United States), Early Stage	Provider of spatial computing devices	$2.7M	-	40/100
8th	Inair 2013, China, Series A	AR-based spatial computing systems	-	Weihai Venture Capital, Honghui Fund & 3 others	37/100
9th	Thunderbird Innovation 2021, China, Series B	Developer of AR glasses	$28.4M	Huatai Zijin Investment, Yanchuang Capital	37/100
10th	Nimo 2016, Milpitas (United States), Seed	Provider of spatial computing wearable devices	$100K	Sigurd Ventures, Upekkha & 4 others	33/100

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Magic Leap has not made any investments yet. Magic Leap has made 5 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 16, 2019	Acquisition	Mimesys	2015	Paris (France)
Oct 08, 2018	Acquisition	Computes	2017	Phoenix (United States)
Apr 11, 2017	Acquisition	Fuzzycube Software	2009	Mckinney (United States)