Magic Leap

Magic Leap is an Enterprise Smart Glasses company founded in 2010 and based in Plantation, United States. It has raised $4.2B in total funding, most recently a Convertible in 2025.

Pivoted from consumer AR to enterprise AR with Magic Leap 2, the best-in-class see-through optical headset for surgical and industrial settings.

Surgical AR pioneer; competitor to HoloLens in the optical-see-through enterprise category Apple and Meta deliberately don't serve.

magicleap.com Enterprise Smart Glasses

United Statesprivate

At a glance

Total raised

$4.2B

last round convertible

Headcount

1k-5k

approximate · public range

Headquarters

Plantation

United States

Founded

2010

16 years active

Status

Private

Enterprise Smart Glasses

Patents on file

Funding history

Total raised

$4.2B

Rounds tracked

Latest stage

Convertible

Date	Stage	Amount	Valuation	Lead investors
Oct 20, 2025	Convertible	$205M	—	Public Investment Fund
Jan 15, 2024	Convertible	$590M	—	Public Investment Fund

Magic Leap

At a glance

Funding history

In the news

AI/XR Beats: Samsung Gears Up, Magic Leap Dials Down

The XR Week Peek (2026.07.20): Smartglasses have a privacy issue, Lenovo lays off XR business unit, and more!

Magic Leap Cuts Nearly 200 Jobs as AR Pioneer Pivots Into Waveguide Supplier

Magic Leap Accelerates the Future of AI Display Glasses with Waveguide Expertise

Meta Developing Always-On Recording AI Glasses Amid Privacy Concerns and Launch of Image Generation AI "Muse Image"

Watch

Leadership

Products

Magic Leap 2

Magic Leap One

Most recent patents

Open roles

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