Magic Leap CEO Rony Abovitz reportedly stepping down at AR startup
Rony Abovitz is leaving his position as CEO of the augmented reality startup Magic Leap.
Brian Ach / Getty Images for Wired
Magic Leap co-founder and CEO, Rony Abovitz, reportedly informed Augmented Reality startup employees Thursday that he was stepping down from the company’s leadership. He also told employees that the company had secured a new round of financing. after a memo received from Business Insider.
Abovitz plans to stay with the company during a transition period, but notes that the company is “actively recruiting candidates” to replace him.
Magic Leap did not immediately respond to a request for comment.
Abovitz ‘departure is based on reports by the mysterious manufacturer of expanded reality Brille considered strategic options that included selling itself. The startup worked with a consultant to explore options such as Establishing a partnership or selling a stake in the company Before a possible listing, Bloomberg reported in March, citing unidentified sources.
Google-funded Magic Leap was founded in 2011 and spent $ 2.3 billion on developing its AR glasses. After years of skepticism that the startup could build the world’s best funded vaporware, it finally released his headset in autumn 2018. The Magic Leap One glasses, which came in at a high price of $ 2,295, has displays, audio, and external camera sensors.
However, the company is Only 6,000 virtual reality headsets were reportedly sold in the six months after the product was launched – far behind Abovitz The goal is to sell 100,000 Magic Leap One devices in this period.
