Magic Leap, the startup working on augmented reality, was founded in 2010 but is still unable to bring its product to the market. But the recent leak gives a sneak-peek at what the company is cooking behind its closed doors for so many years.
Business Insider managed to get hold of an image showing the early prototype of the AR tech device they are said to be working on. Based on the internal naming scheme used by the company, the prototype is being referred to as “PEQ0”. This leaked image gives the first look of the shoddy-looking prototype that Magic Leap is said to be working on for years.
The image clearly shows a design like that of a backpack with shoulder straps and loose hanging wire. The backpack also houses the battery for powering the whole system, while the wire connects it to the eyewear. This design is definitely not going to make to the final version, which is expected to come with more compact and a better-looking design.
— Dave Smith (@redletterdave) February 11, 2017
Even after so long of being founded, the company is still struggling to even complete its products, let alone launching them in the market. But the investors are betting big on the startup; Magic Leap has already raised a total of $1.4 billion from a few investors including Google, Alibaba Group and Legendary Entertainment. It’s even stranger to note that Forbes has already valued the company at $4.5 billion. All this has been achieved based on the amazing demos and the claims made by the company about its technology.
Magic Leap wants to shrink this technology to a size that can easily fit in the user’s pockets. But the prototype in the image seems far from that and it would take some more time before the company could come out with a finished product ready for the market.