Magic Leap was founded in 2010 by Rony Abovitz. The company has not officially endorsed a plan to participate in an IPO.
Magic Leap designs and develops augmented reality systems. Augment reality allows the wearer to see computer generated images superimposed on the real world in real time. The company has raised over $2.5 billion in Venture Capital funding from investors including Chasella, EBI, Quantum Global Partners, Syren Capital Advisors, Troy Capital Partners, Alibaba, T. Rowe Price, Andreessen Horowitz, Fidelity, Kleiner Perkins, Obvious Ventures, and Qualcomm Ventures. Per company press releases, Magic Leap completed a $1.3 billion Series D round in April 2019 at a post-money valuation of $6.7 billion.