Alphabet’s Google and augmented reality startup Magic Leap are joining forces in a strategic technology partnership to develop immersive experiences that seamlessly blend the physical and digital worlds. According to an exclusive report from Reuters, this collaboration aims to leverage Magic Leap’s AR hardware expertise with Google’s advanced software platforms.
In a blog post on Thursday, the Florida-based Magic Leap announced the partnership, later confirmed by a Google spokesperson. Although the details remain sparse, the announcement indicates that Google may be preparing to re-enter the augmented and virtual reality (AR/VR) market, a space it has largely ceded to competitors Meta and Apple.
The partnership will also combine Magic Leap’s optics and device manufacturing expertise with Google’s technology platforms, Magic Leap said.
“We’ve shipped a couple of different versions of augmented reality devices so far, so we’re out there delivering things, and Google has a long history of platforms thinking,” Magic Leap’s Chief Technology Officer Julie Larson-Green told Reuters in an interview ahead of the announcement.
According to Crunchbase, the company is backed by big names like Qualcomm Ventures, Alibaba, Morgan Stanley, T. Rowe Price, Google, Fidelity, Kleiner Perkins and Andreessen Horowitz. Magic Leap is currently valued at nearly $5 billion by CB Insights.
