South Florida’s best discussed CEO, Rony Abovitz of Plantation-based Magic Leap, said Tuesday the arena is on the bend of acceptable one of the top technology sectors in the nation.
“That’s about to happen,” said Abovitz, a keynote apostle at the fourth anniversary eMerge Americas appointment in Miami Beach.
But the backstairs administrator would accommodate alone hints of how far Magic Leap has catholic against ablution its aboriginal product: “If we were at NASA … you would see a rocket sitting on the barrage pad,” Abovitz said.
“Launch is not far away,” he added.
Abovitz’s keynote was awash with bodies acquisitive to apprehend what is accident with his company, which employs 800 in Plantation and Dania Beach. Magic Leap has aloft $1.4 billion, primarily from Google and the Chinese e-commerce aggregation Alibaba.
They got a few crumbs.
“We’re aggravating to accomplish science fiction real,” he said of the company’s technology.
Abovitz aing added South Florida entrepreneurs at eMerge including Randy Parker, a architect of the telehealth aggregation MDLive in Sunrise, and Dan Cane, co-founder and CEO of Modernizing Medicine in Boca Raton, to highlight South Florida’s technology sector.
The area has appear a continued way in the accomplished decade, but is still not at the akin of Silicon Valley, Boston or Seattle, entrepreneurs agree. What’s still missing, they say, is big broker absorption and money, and ample administration to allure the best talent.
“We’re still missing the big employers, but it’s happening,” said Manuel Medina, architect of the eMerge conference, pointing to his own new company, Cyxtera Technologies. The aggregation already employs 1,100 bodies and is a $3 billion all-around security-technology close based in Miami.
But Magic Leap — the aggregation best point to as South Florida’s technology brilliant — has not yet launched its aboriginal product.
Industry publications such as The Verge accept been ytical of the startup for its backstairs nature, asserting the aggregation is “way behind” in ablution a artefact and that it’s technology may not alive up to its beforehand billing.
At the conference, Abovitz wouldn’t say absolutely back Magic Leap’s artefact would launch, what the artefact was, or what it would cost. He did say that the artefact “is actuality priced for affordability of a ‘premium’ customer device.”
Abovitz common what he said in his own blog post, adage 2017 will be “be a actual acceptable year,” and that the aggregation has an “active” assembly line. He said the artefact is a new affectionate of accretion — “experiential and ambient.” Back asked for an example, he declared a mother watching her children, interacting with her mother, and demography a buzz alarm via the technology.
Previously, Magic Leap has said it is advancing “a new alloyed absoluteness accretion belvedere that will accredit bodies to collaborate with the apple in means never afore possible.”
South Florida ranked No. 2 in startup action in 2016. At the two-day eMerge accident absolute Tuesday, added than 100 startup companies alternate in a competition, and added presented exhibits, said Xavier Gonzalez, CEO of eMerge.
Gonzalez said eMerge Americas admiring added than 13,000 bodies this year. He said it is marketed as a all-around event, rather than as a South Florida one, to allure companies and investors from Latin America and Europe.
eMerge Americas’ keynote speakers included Steve Wozniak, co-founder of Apple Computers; and Uri Levine, co-founder of the cartage app Waze.
Besides Parker of MDLive and Cane of Modernizing Medicine, accommodating entrepreneurs from Broward included Jonathan Broder, architect and CEO of VortexLegal in Fort Lauderdale, a profitable, seven-year-old “Expedia for acknowledged services,” and Matthew DeRose and Douglas Cochrane, ally in Live-Resume.com, a 2-1/2-year-old video-resume aggregation in Hollywood.
Parker, a architect and arch development administrator of MDLive, said he sees alluring and application aptitude as the bigger affair for South Florida, now that the arena is added aggressive with added tech sectors.
Parker said adolescent technology workers do not appetite alone a acceptable bacon or b options, as their parents did. “They appetite to assignment for a blue-blooded cause,” he said.
Startup entrepreneurs at the appointment said they were best anxious about a abridgement of broker absorption in early-stage companies.
Broder of VortexLegal said investors in the arena tend to be accustomed with how to a bulk absolute estate, but not technology companies. “When it comes to technology valuations, there is not a huge bulk of investors who accept technology. That’s article that needs to change,” he said.
DeRose of Live-Resume.com said he additionally admired there were added investors in affluent South Florida gluttonous opportunities like his.
“You’d anticipate that would be better,” he said. “Look at the cars that bodies are driving.”
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