W|W: The Wearable Weekly – Magic Leap’s $500 million round

magic leap

Welcome to The Wearable Weekly, your trusted guide to all things wearable tech. If you only have time to read one thing about wearables this week, this is it.

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Statistics and Forecasts

70 percent of Apple Watch Series 3 buyers did not own the Series 1 or Series 2 product, Ives estimates (CNBC)

Qualcomm has 85 percent market share of the Android Wear space (ZDNET)

70 percent of participants found VR advertising to be highly memorable across all ad formats (VR Focus)

Wearables are now the leader of the “other devices,” category, Verizon says (CNBC)


Device Announcements

TPCAST announces wireless adapter for Oculus Rift, arriving Q4 2017 (Road to VR)

Samsung launches 360 round camera, livestreams 3D VR (Engadget)

Second gen Google Daydream is now available to purchase on the Google Store (9to5 Google)


Funding & M&A

Magic Leap raises $502 million in Series D (Fortune)

Guardian Media Group creates $55 million VC fund (MediaPost)

AdHawk raises $5 million from Intel(BetaKit)

Intel Capital puts $60 million in 15 startups (TechCrunch)


Major milestones

Cardiogram comes to Android Wear (Wareable)

GE joins Apple to make industrial apps for mobile devices (Bloomberg)

Samsung announces two digital-assistant initiatives: Bixby 2.0 and Project Ambience (Engadget)

Samsung partners with Google to bring ARCore platform to Galaxy devices (The Verge)

Reflekt adds live service to its platform that replaces training manuals with AR (VentureBeat)

Palmer Luckey’s new defense company Anduril looks interested in AR and VR on the battlefield (TechCrunch)

Oculus adds eight new experimental locomotion methods to SDK (Road to VR)


Rumours

Samsung actively working on new features for VR headsets, including inside-out positional tracking and 6DoF motion controls (Wareable)


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Tom Emrich

Tom Emrich

Sometimes called the “man from the future” Tom Emrich is a leading voice in wearable technology as an investor, community builder and influencer. His passion for this space is driven by his belief that wearable tech plays a critical role in our human evolution.