Magic Leap tries for $827m series C

Dec 10, 2015 • Robert Lavine

The augmented reality developer, backed by Google, Qualcomm and Legendary Entertainment, is raising funding at a $2.9bn pre-money valuation.

Magic Leap, the US-based augmented reality developer that counts Google and mobile semiconductor maker Qualcomm among its investors, is raising $827m for its series C round, Fortune reported yesterday.

The funding is being raised at a post-money valuation of $3.7bn, according to a Delaware filing Forbes obtained from market data provider VC Experts. No investors in the round have so far been disclosed, but Magic Leap will provide a board seat.

Magic Leap is developing goggles capable of superimposing animated…

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