It feels a little sudden, but we’re here: Magic Leap is working to create the most augmented reality device possible.
The Florida-based startup is developing a project called a Dynamic Digitized Lightfield Signal, which projects images directly onto a user’s retina, according to Core 77. The technology will allow users to see 3D images that blend into their natural world.
The project is well supported. Both Google and e-commerce company Alibaba back it. Magic Leap raised $542 million in 2014 and the company is near raising a $1 billion round at a $4.5 billion valuation. It is one of the largest rounds of funding ever, comparable to what Uber and Facebook raised during the last few years.
While Magic Leap has released a few video demonstrations of its product, there is no word yet as to when this might be available and how much it might cost.
Related Stories
BIM and Information Technology | Jan 10, 2019
'BIM to AR' comes to the masses
Could new technology that simplifies the transfer of BIM models to augmented reality push AEC firms to go all in on extended reality?
Building Technology | Dec 20, 2018
Autodesk is spending $1.15 billion to acquire two construction tech providers
PlanGrid and BuildingConnected are the latest pieces in the company’s quest to digitize the construction industry.
Building Technology | Dec 18, 2018
Data and analytics are becoming essential for EC firms competing to rebuild America’s infrastructure
A new paper from Deloitte Consulting advises companies to revise their strategies with an eye toward leveraging advanced technologies.
Sponsored | BIM and Information Technology | Oct 15, 2018
3D scanning data provides solutions for challenging tilt-up panel casino project
At the top of the list of challenges for the Sandia project was that the building’s walls were being constructed entirely of tilt-up panels, complicating the ability to locate rebar in event future sleeves or penetrations would need to be created.
Sponsored | BIM and Information Technology | Oct 15, 2018
3D scanning data provides solutions for challenging tilt-up panel casino project
At the top of the list of challenges for the Sandia project was that the building’s walls were being constructed entirely of tilt-up panels, complicating the ability to locate rebar in event future sleeves or penetrations would need to be created.
BIM and Information Technology | Aug 16, 2018
Say 'Hello' to erudite machines
Machine learning represents a new frontier in the AEC industry that will help designers create buildings that are more efficient than ever before.
BIM and Information Technology | Aug 16, 2018
McKinsey: When it comes to AI adoption, construction should look to other industries for lessons
According to a McKinsey & Company report, only the travel and tourism and professional services sectors have a lower percentage of firms adopting one or more AI technologies at scale or in a core part of their business.
BIM and Information Technology | Jul 30, 2018
Artificial intelligence is not just hysteria
AI practitioners are primarily seeing very pointed benefits within problems that directly impact the bottom line.
AEC Tech | Jul 24, 2018
Weidt Group’s Net Energy Optimizer now available as software as a service
The proprietary energy analysis tool is open for use by the public.
Accelerate Live! | Jul 17, 2018
Call for speakers: Accelerate AEC! innovation conference, May 2019
This high-energy forum will deliver 20 game-changing business and technology innovations from the Giants of the AEC market.
