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Thursday, December 7, 2017

Yes, old news..Magic Leap Seeks to Raise Another $500 Million (Report)

Mixed reality hardware startup Magic Leap is in talks to raise a new $500 million round of funding, according to Bloomberg. The new financing is reportedly being led by Singapore-based Temasek Holdings, and would value the company at around $6 billion.


Magic Leap previously raised more than $1.3 billion from investors including Google, Alibaba and Qualcomm, and was valued $4.5 billion at the point of its last fundraise in early 2016. The company, which is headquartered in Florida, has been developing a pair of mixed reality glasses that would superimpose digital animation over a view of the real world.

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