June 23, 2016

3 South Florida companies make Forbes’ list of innovative growth companies

South Florida companies Ultimate Software in Weston, Mednax in Sunrise and Opko Health of Miami made Forbes' 2016 list of the 100 "Most Innovative Growth Companies" in the world.

Ultimate Software, which provides software for human resources, ranked No. 8; Opko Health, a pharmaceutical company ranked No. 21; and Mednax, a national physician network, came in at No. 65.

For Ultimate Software, it was the third year in a row ranking in the top 10; Ultimate ranked 7th in 2015 and 8th in 2014. “We remain focused on innovation and growth, consistently investing approximately 20 percent of our annual revenue in research and development and are committed to creating a culture that encourages new ideas,” said Scott Scherr, Ultimate Software’s CEO, president, and founder, in a statement.

To make the list, companies with seven years of public financial data and a total market value of $2 billion to $10 billion were ranked by a formula that includes the company's income and anticipated growth.  No. 1 on the list: Rightmove, a London-based residential and commercial property company.

To see the full list, go here.

Read more about Ultimate Software here. To see a Sun Sentinel slide show of Ultimate Software’s new building, go here.

Cooking up a combo: Hispanicize Media Group buys majority stake in Hispanic Kitchen

Hispkitch2

HispkitchenBy Nancy Dahlberg/ ndahlberg@miamiherald.com


Hispanic Kitchen
, a Miami-based food website with a large social media following, looked mighty tasty to Hispanicize Media Group, which was looking to expand its digital media reach with brands.

“Hispanic Kitchen is a remarkable digital and social media platform for brands that want to engage audiences that are inspired by Latino culture and its passion for food, recipes and cooking in general,” said Manny Ruiz, founder and CEO of Hispanicize Media Group, the holding company for the annual Hispanicize event and DiMe Media.

Ruiz’s company recently announced it has acquired a majority stake in the Latino food media company. As part of the transaction, both Miami-based online advertising network Salvo Group and Hispanic Kitchen founder Jorge Bravo will own minority interests. Terms of the transaction were not disclosed.

This transaction is the first in a series of acquisitions that Hispanicize Media Group plans to enhance its expansion into digital media. “Combining the synergies of Hispanic Kitchen with our DiMe Media influencer network means we can now serve brands an incomparable 360-degree online solution that incorporates premium advertising, programmatic advertising, video integrations, social media engagement and influencer network marketing,” said Ruiz in the press release.

Founded in 2009 by veteran journalist Bravo, HispanicKitchen.com and its social media channels reach a combined 1.6 million monthly users. The newly re-launched website features a database of thousands of Latino recipes with 85 percent of its traffic coming from mobile devices and 90 percent driven by all major social platforms, especially Facebook, with nearly 1.2 million engaged fans.

“It's been a venture and an adventure,” Bravo said on his Facebook page. “I guess this is where I look back at what began as just an idea bouncing around in my head to where it is now, a growing, and much-loved food platform. We've had bumps along the way, but our fans have stuck with us. I value their loyalty and good wishes. I'm excited to begin this new chapter.”

Bravo, who like Ruiz formerly worked in the Miami Herald newsroom, said Hispanicize Media Group bought a minority stake in the company last year and they began working together, allowing the companies time to explore a larger partnership. “What we are trying to do is make HK the top destination for people looking for Latin flavors. This acquisition and the resources it provides ... brings the pieces together to help us get there. It’s been a seamless collaboration. ... We fully expect to be a major player in the space.”

Hispanic Kitchen will be led by Hispanicize Media Group’s Chief Operations Officer Piera Jolly. Bravo will continue as editorial director, overseeing the company’s team of writers and video producers. 

“When you start something like this you never know where it is going to go, but I knew there was a need because our fans told us so,” said Bravo. “We’re continuing to work on the product to meet that need and feed that hunger.”

June 22, 2016

Two Thiel Fellows are gaming entrepreneurs from Fort Lauderdale

Two Fort Lauderdale men were among  The Thiel Foundation's 2016 class of 29 Thiel Fellows announced today. The fellowship provides young people with $100,000 to learn by doing rather than by following conventional paths like college. This year’s cohort was selected from more than 6,000 applications received from around the world.

“We launched the fellowship in 2011 to test a simple thesis: college isn’t right for everyone—especially for young people who want to create new things,” said Blake Masters, president of the Thiel Foundation. “This has been proven true—by the successes of our past fellows, by the new applications we get every year, and by the growing numbers of young people who are creating their own career paths outside of college, with or without a fellowship from us.”

Thiel Fellows receive mentorship and guidance from current and former fellows, as well as from the Thiel Foundation’s network of technology entrepreneurs, investors, and scientists. The Fort Lauderdale fellows, both involved in gaming startups,  are:

Joey Levy (now living in New York)
Quizr
Sports Gaming
Joey founded Draftpot, a daily fantasy sports platform, from his dorm room in 2014. He is now working on Quizr, a sports betting application that launches in Europe in late 2016.

Matthew Salsamendi (along with James Boehm) (now living in Seattle, WA)
Beam
Social Gaming
Matt and  James co-founded Beam, an interactive live-streaming platform for gamers. Beam lets viewers of live-streamed video game sessions get involved in the game, influencing gameplay in real time.

 

 

SPC Cyber Security launches with multi-year investment from South Florida company

By Nancy Dahlberg / ndahlberg@miamiherald.com

With funding from a large, established South Florida security services company, a team of cyber solution consultants have formed SPC Cyber Security to assist companies of all sizes with the growing threat of cyberattacks, offering services aimed at detecting a threat, and educating companies, before a potential attack occurs.

Kent Services made a multi-year investment in SPC Cyber Security, beginning with $225,000 for year one. Kent Services oversees several brands – Kent Technologies, Kent Facial Recognition and Kent Remote Monitoring, with full-service offices in New York City, Atlanta, Houston, Dallas, Minneapolis, Portland and Seattle.

A recent survey by Gartner estimates that $77 billion in IT security was spent in 2015 with $101 billion predicted to be spent annually by 2018.  “Cyber crime is occurring online at an alarming rate especially to small and medium sized companies, with and without their knowledge,” said Regan Marock, CEO of SPC Cyber Security, adding that the SPC team is comprised of former U.S. and Israeli government agents. “The keys to detecting and avoiding these data breaches and cyber threats are to proactively assess systems and areas of vulnerability, educate employees and constantly monitor network data.”

Miami startup Bvddy, a sports players' matchmaking app, closes $1.5 million in funding


BvddyuppngThe Bvddy iOS app matches up sports buddies; funding will help fuel national expansion.

By Nancy Dahlberg / @ndahlberg


Bvddy
, an iOS app that enables sports players to connect with sports partners, announced that it has closed $1.5 million in seed capital to expand into new cities. The funding is led by Latin American IDC Group and former BlueKite CEO and current PayPal executive Bobby Aitkenhead, Bvddy said.

Bvddy (formerly called SportsBuddy, which launched in January 2015) features proprietary Smart Matching algorithms that learn about players over time, including how often they play, location, actual skill level, punctuality, and competitive spirit, to  provide the most accurate matches. Prior to closing its seed round, the company said it raised $715,000 in angel financing to develop its technology and test the concept within the sports community.

“It’s a significant challenge for adult sports players to find other people to play the sports they love with, and it can be particularly hard to find others at the same level of skill and experience,” said Bvddy founder and CEO Pedro Ast, an avid tennis player, in the press release. “Bvddy was created to solve this problem.”

How Bvddy works: Once users have downloaded the app and created a profile, they can then search for other people to play specific sports with based on location, skill level, and other criteria. Users can communicate with other players, schedule times and locations to play, review skills, as well as find local venues. They also can discover activities, create public or private sporting events, and rate opponents.

Expansion plans include Bvddy’s launch on Android, as well as in San Francisco, Los Angeles and other major U.S. cities in 2016, Ast said.

June 21, 2016

A case study for helping companies grow: Goldman Sachs 10,000 Small Businesses

Locally, 10,000 Small Businesses at Miami Dade College has helped 230 companies grow their businesses, adding revenue and jobs. Revenues have more than doubled for Miami entrepreneur Enrique Torres’ business, Excellent Fruit & Produce. Still, challenges remain for small businesses, as a new study by Babson College shows.

Enrique

Enrique Torres, owner of Excellent Fruit & Produce in Miami.

 

By Nancy Dahlberg / ndahlberg@miamiherald.com

Nearly 62 percent of small businesses in America have four or fewer employees, and we know in South Florida that number tops 90 percent.

Helping small businesses scale offers enormous, and largely untapped potential in creating new jobs and generating economic development, according to a new report titled “The State of Small Business in America” by Babson College.

“We all benefit if we are able to foster a vibrant entrepreneurial ecosystem that best supports ongoing small business growth and job creation in America,” said Babson College President Kerry Healey. “Public and private sectors must work together to support small businesses, which comprise 99 percent of all U.S. employer firms and which account for more than half of the private sector’s net new jobs over the past two decades.”

More than 1,800 businesses across the United States were surveyed for the report. Most of them were participants in Goldman Sachs 10,000 Small Businesses, a national program available in South Florida that helps existing small businesses grow. Key findings included:

Obtaining capital remains a big hurdle. Small businesses are four times more likely to go to a bank for capital needs. Looking across all sources of capital, survey respondents apply for a median amount of $100,000, but receive only 40 percent of what they seek. Businesses say they need more flexible loan terms.

Business owners find regulation both difficult and time-consuming. On average, four hours per week is spent dealing with government regulations and tax compliance, which totals over 200 hours per year.

The skills gap is overwhelmingly a small business owner’s No. 1 issue with respect to hiring. Over 70 percent of respondents find it difficult to hire qualified employees because they say potential candidates lack the requisite skill sets — over and above competition for talent, salary requirements, and the provision of benefits.

This new report comes out on the heels of the Kauffman Foundation’s Index of Growth Entrepreneurship ranking the Miami area as second to last among metro areas for scale-up businesses. Yet the 10,000 Small Businesses Program, among other programs, is directly addressing the very issue of helping existing small businesses to scale, including assistance with capital raising, navigating government regulations, and team building.

And it’s working.

Nationally, over about six years, 10KSB with program locations in 22 states has now served more than 6,100 businesses, representing more than $5 billion in total revenues and more than 80,000 employees. Nationally, more than 60 percent of program alumni have added jobs 30 months after graduating with average job growth at the rate of 114 percent, and 82 percent of program alumni have increased revenues by an average rate of 106 percent within 30 months.

John Hall, executive director of the 10,000 Small Businesses at Miami Dade College program, said the growth trends of local 10KSB graduates have been consistent with the national averages. The local, free 16-week 10KSB program, which uses Babson’s curriculum and supplements the education with individual mentorship and a sharp focus on growth strategy, kicked off its first cohort in early 2014.

Enrique Torres, who owns Excellent Fruit & Produce in Miami, was part of Cohort No. 1. Since graduating in May 2014, he said his company, a fresh produce distributor to restaurants, hotels and hospitals in the region, has more than doubled revenues and employees. Through the program’s workshops, “I discovered the identity of my company,” he said, and that resulted in a complete re-branding, from new trucks to the design of the produce boxes.

Torres said he learned how to hire smarter, professionalize procedures, add technology to make the company more efficient and, in essence, “using all the tools to attain your goals.” Networking with fellow entrepreneurs who are outside his industry was also very valuable, he said. The homegrown company that he has owned since 2005 now has 16 full-time employees.

Locally, 39 companies are enrolled in Cohort 8, the largest class yet for the business education program that launched at Miami Dade College in September 2013 with $5 million in funding from Goldman Sachs.

“The local program has served a total of 230 businesses to date, representing more than 3,900 jobs throughout Greater Miami and more than $340 million in aggregate revenues,” Hall said.

The 10KSB program at Miami Dade College’s Wolfson Campus runs several cohorts every year. Applicants should own or co-own a business in operation for at least two years, with at least $150,000 in revenues in the most recent fiscal year. To apply, visit http://www.10KSBapply.com or call or call 305-237-7824.

Babson College is also involved locally in launching the Women Innovating Now (WIN) Lab, a new Miami accelerator program that aims to help female entrepreneurs start and grow businesses. Find out more about WINLab here.

Follow Nancy Dahlberg on Twitter @ndahlberg. Read more small business coverage here.

June 19, 2016

Startup Spotlight: Need a ride? Freebee revs up to expand

Startupspotlight

 

By Nancy Dahlberg / ndahlberg@MiamiHerald.com

The free short-haul ride service in downtown Miami and Miami Beach has added an app, vehicles and territory. Working with the Small Business Development Center, Freebee has a multi-city expansion plan.


Company name: Freebee

Headquarters: Wynwood

Concept: Freebee is changing the way people experience Miami, moving customers short distances with free electric transportation. Each Freebee car hosts its own marketing campaign for national brands and local businesses.

Story: After graduating from the University of Miami with business management degrees and working a few sales jobs to keep financially afloat, Jason Spiegel and Kris Kimball (pictured above) quit their 9-5s and took the entrepreneurial plunge. “The mix of creativity, fun and the overhanging theme of a better, greener tomorrow were the elements that drove us to pull the trigger on Freebee,” said Spiegel. “We always had it in our minds that we would create something special.”

The co-founders purchased six open-air vehicles — think oversize golf carts — and they were off. The idea was that each vehicle would be branded for one of Freebee’s clients — some of which now include Pepsi, Anheuser-Busch, Jack Daniels, "T-Mobile, Vita Coco, Goya and Related Group. Along with advertising on the inside and outside of the vehicles — indeed, Vita Coco’s Freebees carry a custom built coconut rack on the roof — the drivers become brand ambassadors, providing riders with brand information and coupons and surveying users for feedback.

Service began in South Beach, and by the end of 2014 Freebee launched in Brickell. It now serves South Beach and Mid-Beach as well as Brickell to the Design District with 28 vehicles. Riders can hail a ride through the free “Ride Freebee” mobile app as well as flag a vehicle down.

“The app also gives tourists and locals insight into deals, discounts and “Places To Bee” in the greater Miami area,” Spiegel said. “We promote a greener tomorrow, while also spreading the word about great local establishments and national brands.”

Now the company is revving up with a big expansion strategy.

Launched: September 2012

Management team: Managing Partners Jason Spiegel and Kris Kimball; Matt Friedmann, Business Development; Operations and Logistics Managers Marcellus Johnson, Bryan Jobe and Chris Walker; Directors of Fleet Maintenance Josh Del Sol and Carlos Hernandez.

No. of employees: 43, including in-house designers who create vehicle campaigns and experiences.

Website: www.ridefreebee.com

Financing: Self-funded plus a $450,000 working capital loan from C1 Bank and a $175,000 economic development grant from Miami-Dade County.


Startup2Recent milestones reached:
Launched the Ride Freebee mobile app in October, already generating more than 15,000 downloads. About 60 percent of Freebee’s rides are now requested through the app. Added vehicles in current territories.

Biggest startup challenge: Building a team. Freebee turned to mentors from the Small Business Development Center at Florida International University for guidance on team-building and growth strategy.

Next steps: The mobile app technology has opened the door to more revenue streams, including in-app promotions and data collection, as well as the ability to scale the business to other major cities. But first Freebee’s plans are to expand further in Miami-Dade County.

Strategy for next steps: “Innovation and execution are the key,” Spiegel said. “By partnering and combining key components, we believe that we can scale this business to 50-plus cars in any market, further expanding the known marketing real estate in a given territory, as well as increasing engagement and usage activity levels.”

Follow Nancy Dahlberg on Twitter @ndahlberg. Read another Startup Spotlight here and see more small business coverage here.

Miami-based DiAmante creates diamonds for high-tech uses

DAA00 Diamante News rk

By Joseph A. Mann

DiAmante makes synthetic diamonds for the semiconductor market. The company founder’s goal: ‘a diamond-based technology revolution.’ The tiny company’s competitors include diamond giant DeBeers.

The company and its products: DiAmante is a small, privately owned company that makes synthetic diamonds. The Miami-based firm, started by physicist John Janik (pictured above) in 2010, uses a special procedure developed by Janik to build highly specialized diamond crystals through chemical vapor deposition, a chemical process used in industry and research labs. “Think of a microwave oven on steroids,” said Janik, DiAmante’s president.

Janik places a tiny, flat diamond (the “seed” diamond) in a microwave chamber that will be filled with methane gas. When activated, the device deposits new diamond material on the seed atom by atom and layer by layer. “This is atomic-scale 3D printing,” he said. “We just happen to be printing blocks of diamond. The exact process is not patented, but it is a trade secret.”

After the growth process is complete (48 hours to two weeks, depending on the specifications of the diamond), the diamond is sliced into wafers for polishing and smoothing, for sale to labs and companies using semiconductors.

“We began producing gems and diamonds for optics and tooling, but now we are exclusively focused on diamonds for the semiconductor market,” Janik said.

The scientist sees great possibilities for diamonds in semiconductors, which are used in chips for electronic devices, and a new market in quantum computing. DiAmante makes diamonds classified as Type IIa, which in natural and synthetic states have almost no impurities and are excellent heat conductors. As electronic devices become more sophisticated, silicon-based semiconductors face problems in thermal conduction. Diamonds used with silicon could resolve these heat issues.

Getting started: “I left a cushy research job at the Carnegie Institution for Science in 2009 and moved to Miami,” Janik said. “I grew up in Maryland, but I love Miami.” Janik became interested in diamonds when he studied crystal growth as part of his doctoral program at Florida State University. “Reading papers on diamond growth made me realize there was an opportunity to help remake the world. We need new materials and diamond is one of them.” Janik was not attracted to teaching and decided to start his own business to focus on synthetic diamonds. Putting together seed money from family, friends and outside investors, he acquired the costly equipment needed to make diamonds (one device alone cost $400,000), began working with a small team and sold his first batch of diamonds for optical applications in 2011.

The difference: Using the manufacturing process developed by Janik, “we can produce material to meet specifications clients are looking for, including concentration of nitrogen, quality of surface finish and orientation of the crystal,” he said. A recent study by the University of Southern California showed that diamonds produced by DiAmante and a giant competitor (the DeBeers diamond group) were equally suitable for semiconductor use. A sample from Sumitomo, another competitor evaluated in the study, was not rated as suitable.

Sales: Revenue fell sharply after DiAmante switched from making gems in 2014 to producing diamond semiconductors. Currently, the company is working to increase its sales in diamond semiconductors and move to profitability. DiAmante’s tiny diamond wafers, designed according to the specifications of clients, can cost from $500 to $3,000 each, depending on their size, material quality, surface finish and other characteristics.

Competitors: DiAmante’s biggest competitor in semiconductors is Element Six, part of the De Beers group. In diamonds for tools, it’s Sumitomo.

Challenges: “We’ve received feedback from the scientific community, as well as clients, who say that our home run is in the foreseeable future,” Janik said. “We are officially in the game, and now it’s time to build our partner relationships to find the right fit for a team to play with us. We are looking for a capital infusion to demonstrate scalability of our manufacturing process and business model, and to take us to the next level.”

Glitch: “I didn’t have a clear vision when I started,” Janik said. “I started working on making gems and diamonds for tools and optics — the low-hanging fruit. Now I’m focusing exclusively on diamonds for semiconductors.”

Customers: Research labs, like the Quantum Photonics Laboratory at the Massachusetts Institute of Technology and the chemistry and physics departments at the University of Southern California, plus the defense industry. “We have purchased very low-content nitrogen diamond [from DiAmante] that we are intending to use for quantum information applications (QIP),” said Tim Schröder, a physicist at the MIT Quantum Photonics lab. Quantum physics refers to working with atomic and sub-atomic particles, and QIP refers to quantum computing. “DiAmante is a new player on the market, and we are always interested in trying out new products, new players, and in particular a diamond maker that does not only want to make gemstones for the jewelry industry.” Janik developed diamonds made according to MIT’s very demanding requirements. “Making a diamond for quantum information processing is not straightforward, but John’s diamonds have shown very promising properties,” he said.

Outside analysis: Diamond has the highest thermal conductivity of any material and can be used in semiconductor devices as silicon reaches its limits due to heat issues. But the cost of diamonds for this application is high. “If he [Janik] can cut production costs, there will be market opportunities in wireless systems and other sectors,” said Patrick Hindle, editor of Microwave Journal, an important source of information about radio frequency and microwave technology since 1958. The markets for semiconductors — wireless devices, appliances, electronics — are huge. “Like other small companies, DiAmante has the ability to focus primarily on sophisticated, high-tech products which require fewer skilled workers to produce the next generation of semiconductor-grade diamond wafers,” said Ion Benea, a physicist and vice president of operations for Hyprez Products at Engis Corp., a company specializing in industrial diamonds and superabrasive products. “Smaller companies are a lot more flexible and can play an important role in the development of new diamond products and technologies.”

Outlook: “There are physical limitations on packing more transistors onto silicon wafers due to heat issues,” Janik said. DiAmante’s diamond semiconductors could be the answer: “I want to help bring about a diamond-based technology revolution.”

 

June 18, 2016

Entrepreneurship Datebook: Events, workshops in South Florida

Tech egg

American Entrepreneurship Award:  The winner from Miami-Dade County of the $25,000 prize will be announced, and event will include a  panel discussion with the finalists,  5:30 p.m. to 8:30 p.m., Monday, June 20, Idea Center at Miami Dade College, Building 8 - Wolfson Campus. RSVP here: americanawardmiami2016.eventbrite.com.

Making the Leap from Employee to Entrepreneur: A networking event organized by Founder Institute, 6:30 p.m.-9:30 p.m. Tuesday, June 21, TamboWorks, 5790 Sunset Drive, South Miami. More info: http://FI.co/e/88681

F.U.N. Night: Wellness warriors share their tales of failures during the FuckUp Nights series, 6 p.m. to 9 p.m. Tuesday, June 21, WeWork, 350 Lincoln Road. More info on Eventbrite.

Business & Leadership Conference: A one-day conference by the Jim Moran Institute for small businesses and nonprofits. Topics include succession planning, lean business model, social media marketing, cyber-security and more, and speakers include the editor of Entrepreneur magazine, 9 a.m-5 p.m. Wednesday, June 22, Greater Fort Lauderdale Convention Center. Tickets: www.jmiconference.com

#WaffleWednesday: Weekly breakfast and networking event with presentations from local companies and organizations, 9 a.m.-10:30 a.m. Wednesday, June 22, LiveNinja, 120 NW 25th St., Loft #301, Miami. More info on Eventbrite.

Refresh Miami: How do you differentiate your product/service in a crowded marketplace and scale to a billion-dollar company? Hear it from Rick Paster of Jet.com, 7:30 to 9:30 p.m. Thursday, June 23, Building.co, 120 SW Eighth St., Miami. Info: RefreshMiami.com.

Dawnings: A new event with meditation and yoga, discussions with mindful entrepreneurs and healthy networking to start the day, 6 to 9 a.m. June 29, The LAB Miami, 400 NW 26th St. Tickets and more info: dawnings.co

Have an event listing you would like considered for Entrepreneurship Datebook? Email it to ndahlberg@miamiherald.com and put "“Datebook” in the message line.

Starting Gate

Local startup NightPro, a venue management company for nightclubs, was acquired by Tablelist. Magic Leap teamed up with Lucasfilm to produce Star Wars-related content for Magic Leap’s technology. Richard Florida and FIU released a new study about Miami’s economy and startup ecosystem. Find these stories and more on Starting Gate blog on MiamiHerald.com/business

Nancy Dahlberg @ndahlberg

June 16, 2016

The Force joins Magic Leap, Lucasfilm for ‘Star Wars’ augmented reality

Imagine R2-D2 and C-3PO dropping into into your living room or office.

 

By Nancy Dahlberg / ndahlberg@miamiherald.com

Imagine R2-D2 and C-3PO dropping into into your living room or office.

 

Magic Leap on Thursday announced a strategic partnership with Lucasfilm’s ILMxLAB. Together the companies will be producing Star Wars-related content for Magic Leap’s technology. As part of this new relationship, the two companies will open a “semi-secret” research lab with developers and researchers from both companies including from Lucasfilm’s Story Group. The lab will open in June in San Francisco’s Presidio, and together the companies will be producing Star Wars-related content for Magic Leap’s “Mixed Reality” technology.

The partnership was announced at the WIRED Business Conference in New York, and Magic Leap and Lucasfilm also released a proof-of-concept video demonstrating an ILMxLAB-produced Star Wars scene shown with Magic Leap's tech. It’s one of the closest looks yet of the secretive augmented reality technology Magic Leap calls "Mixed Reality.”

The new video stars everyone’s favorite droids, C-3PO and R2-D2.

“Lucasfilm has created some of the most iconic characters of our time. Ones that dare us to dream, unlock our imagination and excite us to go on a journey with them,” said Magic Leap founder and CEO Rony Abovitz. “Magic Leap is creating a whole new medium: Mixed Reality Lightfields, designed to harness the power of your imagination and take you to places you never thought possible. Collaboration between our two companies is a perfect fit, and I can't wait to share the results with the world.”

The secretive and heavily funded Magic Leap is based in South Florida, where it is building out a 260,000 square foot headquarters in Plantation. With hundreds of employees and $1.4 billion in venture capital, Magic Leap has offices around the world, including Silicon Valley, Los Angeles, Austin, Seattle, Israel, the United Kingdom and New Zealand.