In October 2014, Magic Leap announced it had raised $542,000,000 in funding from a group including Google, Qualcomm, the world’s leading phone chipmaker, Andreessen Horowitz, KKR, and Legendary Entertainment.
With this amount of investment this company is certainly one to watch.
You can get an idea about what they’re up to by examining details contained in a number of patents applied for by the company including:
PLANAR WAVEGUIDE APPARATUS WITH DIFFRACTION ELEMENT(S) AND SYSTEM EMPLOYING SAME
SYSTEM AND METHOD FOR AUGMENTED AND VIRTUAL REALITY
So it would appear that they are producing a lightweight wearable AR/VR Headset which is likely to produce high-quality realistic images which may or may not be projected directly onto the retina.
More will become clear, in the meantime visit their website at