Press Release
Published on
February 21, 2019

Magic Leap announces a significant development investment into VIM



From the staff

Alpharetta, GA, February 21, 2019

Magic Leap announced today that they have awarded VIM AEC a significant investment to continue their development for Magic Leap’s spatial computing platform. VIM , the creator of VIM (Virtual Information Modeling), is developing next generation real-time immersive technology for AEC to power mixed reality experiences that seamlessly blend the digital and physical world. This is a breakthrough for the AEC (Architectural, Engineering and Construction) Industry.

Stacy Scopano, CTO at Skender and a leader in emerging AEC technologies, was instrumental in collaborating with Magic Leap and VIM AEC to validate the Magic Leap and VIM AEC partnership. He furthermore explains this as, “AEC scarcity remains the dirty little secret of VR/AR. We’ve gotten past the utility of the innovations, we continue to debate the elegance of the technology, but the process is still painful to create each and every experience. VIM AEC dramatically increases pipeline efficiency, which moves the needle on how easy (and often) we’ll be creating real-time immersive experiences.”

More about Magic Leap

Magic Leap is an American startup company that is working on a head-mounted virtual retinal display, called Magic Leap One, which superimposes 3D computer-generated imagery over real world objects, by “projecting a digital light field into the user’s eye”, involving technologies potentially suited to applications in augmented reality and computer vision. It is attempting to construct a light-field chip using silicon photonics.

Magic Leap was founded by Rony Abovitz in 2010 and has raised $1.4 billion from a list of investors including Google and China’s Alibaba Group. In December 2016 Forbes estimated that Magic Leap was worth $4.5 billion. On December 20, 2017 the company announced its first product by revealing pictures and promising a 2018 release for the Magic Leap One headset. On August 8th, 2018, the Magic Leap One was made available in the United States.

More about VIM

VIM is the latest successful company launch in a series of four decades of industry leadership in Architecture, Engineering and Construction. From the introduction of accessible construction data to the industry in the 1980’s, to the advent of BIM, launch of Revit and successful real-time immersive platforms. VIM, led by Arol Wolford is a powerful new technology to enable better designed and built buildings.

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