Magic Leap, which closed a $794m Alibaba-led round in 2016, could be in line for more than $500m in a round featuring Singapore state-owned investment firm Temasek.
Magic Leap, a US-based augmented reality (AR) technology developer backed by corporates including e-commerce group Alibaba, is looking to raise more than $500m in series D funding, Bloomberg reported today.
The round is expected to feature Singapore state-owned investment firm Temasek, and Magic Leap is seeking a valuation of close to $6bn.
Founded in 2011, Magic Leap is working on AR technology that projects patterns of light directly on to a user’s eye in order to superimpose virtual objects onto…
