Empowered YouthTech

Tech: Magic Leap One: All the things we still don’t know

It’s that time of year again: the special season when everybody’s favorite mythical creature makes its annual appearance. That’s right, it’s Magic Leap hardware teaser season! Seemingly once a year, the secretive startup reveals what it’s been up to, and on Wednesday it revealed renderings of its latest AR headset prototype. The company even deigned to allow a Rolling Stone reporter to take the system for a spin. But for everything that Magic Leap showed off, the demonstrations and teaser materials still raise as many questions as they answer. There’s a whole lot about the Magic Leap system that we don’t know, so maybe let’s hold off on losing our minds about the perceived imminent AR revolution until we do.

But before we get into all the things we don’t know, let’s take a quick look at the things we do. Magic Leap the company was founded in 2011 by Rony Abovitz, the bioengineer who created the Mako surgical assistance robot. He sold the Mako company for $1.65 billion and used that cash to start Magic Leap and fund it through its first four years. Today the company is valued at almost $6 billion and has raised $1.9 billion in funding to date, despite having shown little more than high-level animations and a few hardware renderings.