Most realize that virtual reality and augmented reality will revolutionize computing, gaming and many more industries. So it’s no surprise that a company like Magic Leap is generating a ton of buzz.

The focus of Magic Leap involves virtual reality overlaid on the real world in a manner is called mixed reality. In a mixed reality world, objects are aware of their environment and can interact with the “real” world. The results are stunning and the potential is mind-boggling.

The company has not released a prototype yet, let alone an actual product, yet it has already raised $1.4 billion from a who’s who of Silicon Valley VCs and companies. Expect to hear much more about the company and its technology in the months and years to come.