Magic Leap, the developer of a highly advanced visual interface system, is reportedly raising as much as $500m in a round already backed by Google.
Internet company Google is leading a funding round that could stretch to $500m for Magic Leap, a US-based start-up building technology it calls ‘Cinematic Reality’, Re/Code reported yesterday.
Founded in 2011, Magic Leap is still operating in stealth mode as it develops its product, which is reportedly likely to involve 3-D technology that is more realistic than that currently offered.
Chief executive Rony Abovitz has has described it as: “what we believe will be the most natural and human-friendly wearable…
