Secretive augmented reality startup Magic Leap suffered another PR blow yesterday when Business Insider published a photo alleged to be a recent prototype of the company's futuristic tech.
The picture, showing a large and janky computer hanging from a person's back and wired to a pair of glasses, seemingly confirmed reports that Magic Leap — which has raised $1.4 billion to date — was struggling to shrink its product to a consumer-friendly size. In a post about "fake tech" last December, columnist Phil Baker likened Magic Leap to Theranos.
But hold your horses, one of the company's investors says. Andreessen Horowitz partner Benedict Evans says the tech is real, just not ready to ship yet.