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One of tech’s most-hyped companies has raised $2.3 billion in funding–and it’s finally ready to let consumers play with its headsets, it said in a live stream today.

Believe it or not, Magic Leap says its headset will ship “this summer”

[Photo: courtesy of Magic Leap]

BY Daniel Terdiman1 minute read

If you’ve been following the saga of Magic Leap, the augmented reality startup that’s raised a quadrillion dollars–okay, $2.3 billion–to make a very special headset, you may have come to the conclusion that it was the best-funded vaporware in history.

But no more. Today, in a live-streamed announcement, the Florida company said that it will finally be shipping its first product, the Magic Leap One Creator Edition, “this summer.”

We still don’t know a precise date, or price, but in the world of consumer technology products, this is Really Big News. And it came just hours after AT&T said it would be the exclusive U.S. purveyor of Magic Leap products, as part of a new investment in the startup. (You can watch the announcement and demos in the video below.)

https://www.youtube.com/watch?v=HZ2M8Dm14qM

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In the years since Magic Leap first leapt onto the scene, other companies, like Meta, Microsoft, ODG, and others, have kind of stolen the company’s thunder. But those who have seen prototypes of the One Creator Edition have said it’s pretty exciting. I guess the rest of us will find out soon enough.

However, if you are the type of person who pays attention to product launch announcements, you might have noticed that it’s pretty odd that Magic Leap is now promising to ship this summer when it is already summer. That’s a new one to me. So we’ll see. And I guess we’ll also see what $2.3 billion buys you. After this much time and hype, it’d better be good.

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ABOUT THE AUTHOR

Daniel Terdiman is a San Francisco-based technology journalist with nearly 20 years of experience. A veteran of CNET and VentureBeat, Daniel has also written for Wired, The New York Times, Time, and many other publications More


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