VR headset developer Magic Leap said it has completed its Series D funding round with an undisclosed investment from AT&T. With this investment, the two companies announce a strategic and exclusive US consumer cooperation with a view to developing spatial computing for a new kind of “contextually aware, intelligent, human-computer interactivity.”
Magic Leap’s debut product, Magic Leap One, Creator Edition, is a lightweight, wearable computer that can deliver digital content. It is scheduled to ship later this year to qualified designers and developers. AT&T will be the exclusive wireless distributor of Magic Leap products for consumers in the US. When the new product launches, it will come first to AT&T customers in select Atlanta, Boston, Chicago, Los Angeles and San Francisco stores, with more markets to follow.
AT&T CEO John Donovan, who has observer rights on the Magic Leap board, said AT&T will pair its technologies, networks, platforms and customer ecosystem with Magic Leap’s efforts to build the next generation of computing.
