Magic Leap Acquires Israeli Cyber Security Company NorthBit

Magic Leap Inc., a U.S. startup working on a device that simulates reality, acquired Israeli cybersecurity company NorthBit to bolster its advanced software research.

The deal will ensure Magic Leap products ship with the highest security standards for customers, the Dania Beach, Florida-based company said in an e-mailed statement. Magic Leap plans to expand operations in Israel and is looking to hire in the country, it said. Financial terms weren’t disclosed.