The company will unveil their X2 smart glasses at CES 2019.
The National Centre for Immersive Storytelling competition has been won by the National Film and Television School and Royal Holloway.
The funds will be used for an expansion into new locations, including the US.
New partnership will allow the company to create mixed reality solutions to improve surgical care.
New details for the upcoming AWE Europe 2018 conference and expo also revealed.
The question of "How might we experiment with immersive storytelling to advance the field of journalism?" looks to be answered by 11 projects.
Why not find yourself a new job within the immersive entertainment industry this weekend.
The two will work together to change the way people experience entertainment through motion capture.
Speakers at the event come from the likes of HP, Intel and Microsoft and more.
See how the immersive mixed reality music experience for the Magic Leap One came to life in this behind the scenes video.