Augmented-reality hardware startup Magic Leap has raised $2.3bn over six funding rounds since February 2014, without yet launching a commercial product. That’s changing, the company promises: its first headset will be available later this summer.
There is no specific date attached to the announcement, which was made during a livestream yesterday showing off the latest tech demo of the Magic Leap One Creator Edition.
It came after another announcement: that telco AT&T will be the exclusive wireless distributor for the device in the US, as well as investing an undisclosed amount in Magic Leap.
“We’re designing and offering the future of entertainment and connectivity, and this exclusive arrangement — in combination with our 5G leadership position — will open up new opportunities and experiences,” said AT&T CEO John Donovan in a statement.
While gaming is a clear focus for Magic Leap, music is part of its plans too: former Universal Music and Vevo exec Rio Caraeff is its chief content officer, and last December the company showed off an AR experience created with Icelandic band Sigur Ros as a demonstration of its technology.