Santa Cruz Tech Beat

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It’s official: Magic Leap secures $542M funding round led by Google

by Sara Isenberg
Santa Cruz Tech Beat, Publisher

Recode spilled the beans early but now it’s official. We just don’t yet know what it means for Santa Cruz. So, stay tuned.

[Editor’s note: For more about the connection between Magic Leap and Santa Cruz, read How Graeme Devine is going to put Santa Cruz on the map (March 8, 2014).]

magicleapwhale

(Image from magicleap.com)

Magic Leap, Inc. (“Magic Leap”) announced today that it has completed a $542 million Series B financing. The company will use the proceeds to accelerate product development, release software development tools, expand its content ecosystem, and commercialize its proprietary mobile wearable system.

The financing was led by Google Inc., with participation from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Legendary Entertainment, including a personal investment from CEO Thomas Tull, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Obvious Ventures, and other investors.

Read what’s available on the national press:

About Magic Leap, Inc.
Magic Leap, Inc. was founded in 2011 by Rony Abovitz. It is headquartered in Florida with locations in Santa Cruz, Los Angeles, Mountain View, Seattle, Austin, and New Zealand.

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UC Santa Cruz​ has received a new grant to support students in Scientific Computing and Applied Mathematics! #ucscengineering #thinkBSOE

The National Science Foundation has awarded a $950,000 grant to support the Next Generation Scholars in Applied Mathematics (Next Gen SAM) program. Led by Pascale Garaud (Applied Mathematics, Baskin School of Engineering), Rebecca Covarrubias (Psychology), Pablo Reguerin (Associate Vice Chancellor for Student Achievement, Equity and Innovation) and Carmen Robinson (Baskin School of Engineering Director of Undergraduate Affairs), Next Gen SAM will provide students interested in completing a MS degree in Scientific Computing and Applied Mathematics with several important resources. This includes financial support in the form of scholarships, personalized academic mentoring and counseling, peer support, and career advising.

www.soe.ucsc.edu/news/new-grant-supports-students-scientific-computing-and-applied-mathematics
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5 days ago  ·  

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