Magic Leap CEO Rony Abovitz confirmed he has raised a brand new spherical of funding, and he additionally mentioned that he’ll step down because the augmented actuality firm’s high government.
In an announcement, Abovitz confirmed rumors that the corporate had raised a last-minute spherical of funding, however he didn’t say the place it got here from and he didn’t say the quantity raised. The corporate is pivoting to focus its spatial computing platform on the enterprise market.
Every week in the past, The Data reported that Magic Leap had raised $350 million as a lifeline, simply after the corporate introduced it was slicing 1,000 jobs and exiting the patron enterprise for its Magic Leap One AR headset, which overlays animated photographs on the true world.
Right here’s his full assertion.
As we’ve shared during the last a number of weeks, to be able to set Magic Leap on a course for fulfillment, we’ve got pivoted to concentrate on delivering a spatial computing platform for enterprise.
We’ve got closed important new funding and have very optimistic momentum in the direction of closing key strategic enterprise partnerships.
Because the Board and I deliberate the adjustments we made and what Magic Leap wants for this subsequent targeted section, it grew to become clear to us {that a} change in my function was a pure subsequent step. I mentioned this with the Board and we’ve got agreed that now is the time to usher in a brand new CEO who might help us to commercialize our targeted plan for spatial computing in enterprise. We’ve got been actively recruiting candidates for this function and I sit up for sharing extra quickly.
I’ve been main Magic Leap since 2011 (beginning in my storage). We’ve got created a brand new discipline. A brand new medium. And collectively we’ve got outlined the way forward for computing. I’m amazed at all the pieces we’ve got constructed and sit up for all the pieces Magic Leap will create within the many years to return.
I’ll stay our CEO by the transition and am in discussions with the Board on the subject of how I’ll proceed to offer technique and imaginative and prescient from a Board degree. I stay tremendous enthusiastic about Magic Leap’s future and consider deeply in our group and all of their unbelievable expertise and capabilities.