<article>Florida-based augmented reality startup Magic Leap Inc has bagged $280 million through a partnership with NTT DOCOMO, INC., Japan’s largest mobile operator, according to an announcement.</article>

Florida-based augmented reality startup Magic Leap Inc has bagged $280 million through a partnership with NTT DOCOMO, INC., Japan’s largest mobile operator, according to an announcement.
With the investment, DOCOMO will be the exclusive telecom partner of Magic Leap in Japan.
The partnership will combine DOCOMO’s planned 5G infrastructure and Magic Leap’s spatial computing.
&#8220;The partnership between Magic Leap and DOCOMO is an expansion of Magic’s telecom partner strategy, designed to grow the global footprint of our spatial computing technology, and includes a $280 million investment in Magic Leap,&#8221; it said in the statement.
This partnership also furthers the realisation of the Magicverse, an emergent system of systems bridging the physical and digital in a persistent manner that will eventually scale to be global in reach.
Magic Leap and DOCOMO will work together to create an immersive media platform utilizing the next generation of Magic Leap devices and DOCOMO’s 5G network.
&#8220;DOCOMO aims to co-create advanced MR services and expand the XR market by leveraging open innovation and combining innovative technologies such as spatial computing provided by Magic Leap with DOCOMO&#8217;s assets including our 5G network and 70 million membership base,&#8221; said the company&#8217;s president and CEO Kazuhiro Yoshizawa.
In addition to commercialising relevant consumer and enterprise use cases and creating spatial computing content and services, Magic Leap and DOCOMO will work collaboratively to customise Magic Leap’s software operating system for the Japanese market.
Last year, Magic Leap raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment arm.
The additional Series D funding came after Magic Leap confirmed a $502 million funding round led by Temasek in last October.

Florida-based augmented reality startup Magic Leap Inc has bagged $280 million through a partnership with NTT DOCOMO, INC., Japan’s largest mobile operator.

Temasek-backed AR startup Magic Leap raises $280m from Japan's NTT DOCOMO

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Temasek-backed AR startup Magic Leap raises $280m from Japan's NTT DOCOMO

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