Magic Leap has quickly become one of the highest valued immersive tech companies. The company has raised around $2.4 billion thus far and has yet again raised $280 million USD. This time the investment comes from DOCOMO which is a Japense based mobile phone operator.
Through this partnership, Docomo looks to become Magic Leap’s main telecom provider in Japan and build a 5G infastructure to deliver immersive content to the customers.
“DOCOMO is proud to offer new value-added services never experienced before to our customers and partners through our partnership with Magic Leap,” said NTT DOCOMO President and Chief Executive Officer Kazuhiro Yoshizawa. “DOCOMO aims to co-create advanced MR services and expand the XR market by leveraging open innovation and combining innovative technologies such as Spatial Computing provided by Magic Leap with DOCOMO’s assets including our 5G network and 70 million membership base.”
In addition, Magic Leap and DOCOMO will work collaboratively to customize Magic Leap’s software operating system for the Japanese market.
“The partnership between Magic Leap and DOCOMO combines the power of spatial computing with Japan’s premier mobile operator to deliver radical innovation to co-presence, communications, commerce, productivity, sports, media and entertainment,” said Rony Abovitz, Magic Leap’s Founder and Chief Executive Officer. “As DOCOMO advances the power of its network and technology for tens of millions of customers, its partnership with Magic Leap will help deliver capabilities and experiences never thought possible.”