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Magic Leap brings heavyweight on as CFO


Magic Leap, the secretive Dania Beach-based  tech company that recently received  a record-setting $542 million Series A investment by a group led by Google, has named Scott Henry, an executive at  Beats Music and Beats by Dr. Dre, as its CFO.

As its CFO, Henry helped Beats transition from a licensing company to an independent global manufacturer and then launch its branded music streaming service and sell to Apple for $3 billion earlier this year, a statement said.

Magic Leap is developing "Cinematic Reality" but has released few details about its  "proprietary mobile wearable system."  The company was founded by  Rony Abovitz, co-founder and  former chief visionary officer  of Davie-based Mako Surgical, which was sold to to Stryker Corp. for $1.65 billion in 2013.

"Cinematic Reality is a new medium for human visual/sensory interaction with the digital world,"  Abovitz told the Miami Herald in February.  "We are working on some things that we believe are groundbreaking and revolutionary in terms of human-computing interaction - something that is very friendly and organic to the normal workings of human biology."

Magic Leap received a $542 million investment led by Google, along with KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz and other investors. In addition to Dania Beach, Magic Leap  has  offices in Mountain View, Santa Cruz, Los Angeles, Seattle and Austin -- all in the U.S. -- and New Zealand.

"We're incredibly excited to be welcoming Scott to the Magic Leap team," Abovitz said in a statement Monday. "As part of the senior team at Beats, Scott played a pivotal role connecting technology with culture, ultimately creating one of the most popular consumer technology brands in recent memory."

Posted Dec. 8, 2014

 

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