Magic Leap is developing a mixed reality technology that blends virtual objects into the real world. Their proprietary technology uses over 150 patents to create a safer and more immersive experience than VR or AR. Magic Leap has raised over $2.5 billion in funding to develop their technology and plans to enter the $65 billion gaming market and $100 billion mobile market. Their first product is expected to ship soon after extensive testing and will have an introductory price of $600.