What should I do if I burned 2.4 billion? Magic Leap: I am not afraid, I still have 1903 patents that can be mortgaged.
Editor’s note: This article is from WeChat public account “New Witness” (ID: AI_era), source kguttag, Editor Zhang Jia, Peng Fei.
[Xinzhiyuan] The star of the AR video, Magic Leap, was exposed to the demo video and was mortgaged to JP Morgan Chase. In the past few years, Magic Leap has raised about $2.6 billion in frenzied financing and is raising its E round of financing. Can the financing speed catch up with crazy money? I don’t have much time left for Magic Leap.
When you mention Magic Leap, a lot of people will have a video that will be screened a few years ago:
Magic Leap demo video
A large whale jumped out of the basketball court and splashed in a flash of water, while the onlookers screamed in horror.
Magic Leap is an augmented reality company that is well known for its amazing demos. Although it has been exposed to augmented reality effects, it has not affected investors’ favor.
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Magic Leap demo video
In October 2014, Magic Leap received a $542 million Series B round of financing from Google; in February 2016, Magic Leap received $793.5 million in a new round of financing, and Ali and Google all participated in this round. Financing; March 2018, MAgic Leap announced a new round of financing of $461 million, led by the Saudi Arabian Wealth Fund; in April this year, Magic Leap received $280 million from NTT DoCoMo, Japan’s largest mobile operator…
Someone has counted that Magic Leap has raised about $2.6 billion over the years. Now, Magic Leap is raising its E-round financing. Apart from JPMorgan Chase, there is no news of other investors participating in the new round of financing.
Coincidentally, Magic Leap was exposed to the entire mortgage of JP Morgan Chase. While frantically burning money and frantically financing, there are only a handful of products that really make, what exactly does Magic Leap sing?
All of the 1903 patents were transferred to JPMorgan Chase, and the Magic Leap money was burned out?
Kar Guttag, chief scientist of AR hardware/software company Rave, said after mining analysis that Magic Leap officially mortgaged the patent to JP Morgan Chase on August 20, 2019. Gutag said that although all patent documents were not inspected, it seems to include all Magic Leap patents covering pre-ODG patents. There are about 1,903 patents involved.
Complete patent transfer list:
http://legacy-assignments.uspto.gov/assignments/assignment-pat-050138-0287.pdf
Obviously, Magic Leap needs to mortgage the patent to JPMorgan Chase in exchange for a commercial loan.
Magic Leap currently estimates more than 1,800 employees worldwide and more than 19 locations. Gutag pointed out that for high-tech companies like Magic Leap, each employee’s salary, benefits, office/design