Saudi Arabia Reportedly Pumps $590m Into Magic Leap
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Saudi Arabia Reportedly Pumps $590m Into Magic Leap

The Telegraph reports that Saudi Arabia is investing $590 million in Magic Leap. Saudi Arabia has acquired a majority stake in Magic Leap in 2022.

According to the British news site, the startup has raised a staggering $4.5bn in investment capital to date. Magic Leap itself has not yet confirmed the new round of investment. The news comes two weeks before the launch of the Apple Vision Pro.

The company has been developing AR headsets since 2010. The first headset, Magic Leap One, released in 2018, was a commercial failure. With the second headset called Magic Leap 2, which was launched in 2022, the company completed a strategic pivot towards enterprise customers. In October 2023, CEO Peggy Johnson stepped down and was replaced by Ross Rosenberg.

The Telegraph
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OcuLenz restores the ability to read for people with central vision loss
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OcuLenz restores the ability to read for people with central vision loss

OcuLenz is a high-resolution AR headset that compensates for AMD vision issues to make it easier to read. Ocutrx demonstrated OcuLenz at CES 2024, a device that helps people that are experiencing vision loss caused by advanced macular degeneration (AMD), the leading cause of vision loss among adults over 65. The AR headset includes two 2.5K displays, and a Qualcomm Snapdragon XR2 Gen 1, a custom software that identifies blind spots in your central vision, then repositions details to areas where you can see well. The OcuLenz is now available for preorder.

OcuLenz
Sightful launches Spacetop, a screen-less laptop that comes with smart glasses
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Sightful launches Spacetop, a screen-less laptop that comes with smart glasses

Sightful Spacetop is a laptop that includes smart glasses, providing multi-screen productivity in a 10-inch device. The Spacetop was previously only available in limited quantities through an early access program. This portable computer is powered by a Qualcomm Snapdragon XR2 Gen 1, the chip used in the Meta Quest 2, with 8 GB memory, 128 GB storage, and comes with Xreal Light AR glasses, which have 6DoF capabilities and a 52-degree FoV. The Spacetop provides over five hours of battery life, keyboard, touchpad, and the Spacetop OS to make best use of the spatial computing hardware. Xreal recently announced its second-generation AR glasses, the Air 2 Ultra.

Sightful
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The new Vuzix Z100 are rugged 36g smart glasses designed to streamline workflow
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The new Vuzix Z100 are rugged 36g smart glasses designed to streamline workflow

Vuzix just launched the developer's edition of its new Z100 smart glasses, which are lightweight, long-lasting, safety glasses for frontline workers. The Vuzix Z100 is based on the Ultralite platform but ruggedized for industrial environments. Weighing a little over an ounce (36g), these are among the lightest smart glasses with displays available. The monocular display appears on the right eye with a 30-degree field of view. The battery is expected to last for two days, making these display glasses very efficient. Interaction is via a touchpad on the temple.

Vuzix is an enterprise-focused smart glasses manufacturer with purpose-built wearables optimized for specific tasks. For more details and to order, visit Vuzix website at the link below. The augmented reality and smart glasses marketplace is heating up, with new AR glasses arriving from Xreal and RayNeo in 2024.

 

Vuzix
Rokid raises $70M for spatial computing as Apple launches the Vision Pro

Rokid raises $70M for spatial computing as Apple launches the Vision Pro

Rokid raised nearly $70M in funding for ongoing spatial computing and AR development. Best known in the US for its Rokid Max smart glasses and Rokid Station accessory, but the company is a leading AR hardware manufacturer and software developer in China. Rokid's YodaOS provides a visionOS-like interface for the Rokid AR Studio, a spatial computing wearable that's not yet available in the US.

Rokid recently announced a major venture capital investment of nearly $70 million (500 million RMB) to “drive intensive innovation on metaverse applications and technologies.” The timing comes as Apple prepares to launch its Vision Pro headset.

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