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Mixed-reality startup Magic Leap secures $502M in funding

Mixed-reality startup Magic Leap secures $502M in funding

October 18, 2017 | By Chris Kerr

October 18, 2017 | By Chris Kerr
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More: VR, Business/Marketing



Mixed-reality startup Magic Leap has secured $502 million in Series D equity funding. The round was led by new Singapore-based investor Temasek, and means the company has raised almost $2 billion to date. 

Magic Leap has spent most of its time working behind closed doors, but that hasn't stopped investors from splashing the cash.

Google was one of the first companies to back the startup, with the internet giant leading a $542 million funding round back in 2014. 

The mixed-reality specialist then caught the attention of investors in China, and managed to nab another $793.5 million in February last year. 

Aftet that, the Floridian outfit teamed up with Lucasfilm to open a joint research lab and create a Star Wars-themed Magic Leap experience. 

We're still not entirely sure what Magic Leap's consumer technology will look like, but a patent filing from 2015 offered a few interesting hints



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