Mixed reality start-up Magic Leap scores another $461 million investment
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Mar 7, 2018 | investment | Magic Leap | $461m |
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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