Magic Leap tops $790m in massive series C

Feb 3, 2016 • Robert Lavine

Alibaba led a $793.5m round for the augmented reality company that closed at a $4.5bn valuation with help from Google, Qualcomm, Warner Bros and Legendary Entertainment.

US-based augmented reality technology developer Magic Leap raised $793.5m yesterday in a series C round led by e-commerce firm Alibaba.

Internet technology provider Google, mobile semiconductor maker Qualcomm, which took part through its Qualcomm Ventures unit, film studio Legendary Entertainment, and media and entertainment company Warner Bros also invested in the round.

The corporates were joined by financial services group Fidelity Management and Research Company, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers (KPCB), Andreessen Horowitz, Obvious Ventures, J.P. Morgan…

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