Smartglass

Magic Leap Raised $461M From Investors, Totaling $2.3B for Its Smartglasses

6 monthes ago   |   By Android Headlines

Magic Leap , has announced that it has raised $461 million from investors, the biggest investor in that group is the Saudi Arabia sovereign investment arm. This follows the announcement recently of another batch of funding that totaled $502 million with Singapore's Temasek. With this latest round of Series-D funding, Magic Leap now has over $2.3 billion available to develop its smartglasses that it has been working on for quite some time. These smartglasses have been shown in public, but only by Shaquille O'Neal, who has invested in the company in the past.
According to reports, Magic Leap...
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Magic Leap adds $461 million in additional funding led by Saudi Arabia

Magic Leap adds $461 million in additional funding led by Saudi Arabia

6 monthes ago   |   By VentureBeat

Augmented reality glasses maker Magic Leap has raised $461 million in additional funding from the Public Investment Fund, the Kingdom of Saudi Arabia's sovereign investment arm, and some other new investors.
That brings the Plantation, Florida-based company's fourth round of institutional funding to $963 million, and the total raised to date by the company is now $2.3 billion. The funding is far higher than other companies in the fledgling AR business.
“The Magic Leap team and I are happy to welcome and the other new investors to the Magic Leap family. We look forward to having them join...
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