The news comes as the company's value drops, but demand for AR solutions grows.
AR analyst Lewis Ward explains why the company has been experiencing troubles in recent months.
6,000 total units of the headset sold in its first six months, but company announces rebranding and plans already underway for funding on second-gen headset. [Updated]
It may be an uphill battle for the VR company, but the suit against Nreal is important to show potential investors that Magic Leap is willing to fight for its intellectual property.
Augmented reality company Magic Leap ballooned to $2.6 billion across seven investment rounds, with Japan's largest mobile company Docomo responsible for the latest $280 million fund.
The consumer market isn't a reality yet, but devs getting in on the ground floor can do well, especially in enterprise. Magic Leap's Rio Caraeff on AR and the Independent Creator Program.