Mixed reality firm Magic Leap is reportedly eyeing another round of investment that could value the company at $6 billion.
As reported by Bloomberg, Singapore-based investment firm Temasek Holdings is looking to invest $500 million into Magic Leap. This would bring the company's total funding raised to over $1.8 billion.
The firm is also looking to ship its first mixed reality product to a small group of users in the next six months. People familiar with the matter also claim the device could cost between $1,500 and $2,000.
Leap of faith
This device has yet to be publicly unveiled, but sources claim that it is a pair of glasses slightly larger than average, but smaller than a VR headset. A smaller device, about the size of a smartphone, also needs to be carried by the user to handle processing and send information to the glasses.
Magic Leap is notably quiet on just about anything in its business. It acquired FuzzyCube Software and staff from Moonbot in 2016, but details of both didn't emerge until April 2017.
Even during a talk at Develop:Brighton 2017, Magic Leap Chief Game Wizard Graeme Devine didn't give too much away on what the company was up to. He did talk about its internal Pitchfest competition, which saw teams designing unique games for the device.