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Mixed reality start-up Magic Leap scores another $461 million investment

Date Type Companies involved Size
March 7th, 2018 investment Magic Leap $461m
Mixed reality start-up Magic Leap scores another $461 million investment

Mixed reality start-up Magic Leap has raised a further $461 million in its latest funding round.

The investment was led by the Kingdom of Saudi Arabia's sovereign investment fund.

Cash hungry

This latest injection of funds brings the company’s fourth round of funding to $963 million and a total investment of $2.3 billion to date. The Florida company is now valued at more than $6 billion.

Previous investors include Alibaba, Google, J.P. Morgan, Qualcomm, and Warner Bros.

In December the start-up unveile its first mixed reality headset to the public called the Magic Leap One. While no price was provided, the hardware is exected to ship during 2018.

This article was originally published on our sister-site TheVirtualReport.biz.

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Editor

Steve is an award-winning editor and copywriter with 20 years’ experience specialising in consumer technology and video games. He was part of a BAFTA nominated developer studio as project manager for the UK’s first fully interactive digital TV channel. In addition to editing TheVirtualReport.biz, Steve contributes to PocketGamer.biz, PCGamesInsider.biz and BlockchainGamer.biz, as well as creating marketing content for a range of SMEs and agencies.

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