Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 17, 2018
arrowPress Releases
  • Editor-In-Chief:
    Kris Graft
  • Editor:
    Alex Wawro
  • Contributors:
    Chris Kerr
    Alissa McAloon
    Emma Kidwell
    Bryant Francis
    Katherine Cross
  • Advertising:
    Libby Kruse






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Magic Leap raises $461 million in funding from Saudi Arabian investment arm

Magic Leap raises $461 million in funding from Saudi Arabian investment arm

March 7, 2018 | By Emma Kidwell

March 7, 2018 | By Emma Kidwell
Comments
    Post A Comment
More: VR, Business/Marketing, Magic Leap



Mixed reality startup Magic Leap announced today that its raised an additional $461 million in funding, provided by The Public Investment Fund of Saudi Arabia. 

This additional funding might be used to incentivize developers to build specifically for its new platform, with the Creator Portal SDK slated to be available in 2018. 

As reported by TechCrunch, the Saudi Arabian fund raised $400 million of the investment, with Magic Leap adding that “new investors” made up the remaining amount. The total Series D funding now totals to $963 million, Magic Leap says.

Magic Leap secured $502 million in funding last year from Singapore-based investor Temasek, meaning the company has now raised around $2.3 billion. 

The company revealed its Magic Leap One headset back in December, which is said to utilize digital lightfield technology to seamlessly blend virtual objects with the real world. No set release date for the AR headset has been given yet. 



Related Jobs

Monomi Park
Monomi Park — San Mateo, California, United States
[11.16.18]

Senior Game Engineer
Monomi Park
Monomi Park — San Mateo, California, United States
[11.16.18]

Senior Game Designer
Game Circus LLC
Game Circus LLC — Dallas, Texas, United States
[11.16.18]

UI Artist
innogames
innogames — Hamburg, Germany
[11.16.18]

3D Artist - for Elvenar









Loading Comments

loader image