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Magic Leap has reportedly raised another $827 million in new financing

Magic Leap has reportedly secured $827 million in additional funding, bringing the company up to over $1.4 billion raised.

@anthony256
Published Thu, Dec 10 2015 4:27 AM CST   |   Updated Tue, Nov 3 2020 12:02 PM CST

Magic Leap has reportedly secured another $827 million in Series C funding, according to sources of Forbes. If the report is true, it means Magic Leap has raised over $1.4 billion in total. What is Magic Leap? Its a new form of augmented reality that blends real life with holograms. Take a look below.

The augmented reality start-up kicked off its funding rounds in February 2014, where it raised over $50 million to work on its "Cinematic Reality" platform. Later in the year, it raised $542 million in Series B financing. The company hasn't announced its Series C funding, but Forbes said it had filings that it secured through private market data tracker VC Experts.

As for the dynamics of Magic Leap, MIT Review's Rachel Metz discusses how the new tech will work. "Essentially, [Magic Leap] has developed an itty-bitty projector that shines light into your eyes-light that blends in extremely well with the light you're receiving from the real-world," Metz said after trying a live demo test of Magic Leap tech.

Magic Leap has reportedly raised another 7 million in new financing 02 | TweakTown.com
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NEWS SOURCE:gamesindustry.biz

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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