• Magic Leap reportedly seeks $500 million at $6 billion valuation

    8 days ago - By VentureBeat

    High-flying augmented reality startup Magic Leap is trying to raise $500 million at a $6 billion valuation, according to a report in Bloomberg .
    The Florida startup has already raised $1.3 billion to fund its AR glasses, which have been the subject of much speculation because they can reportedly create animations over the real world that are of a very high quality. Magic Leap has been working on its wearable device for years, and it appears it needs more money.
    Citing unnamed sources, Bloomberg reported that Temasek Holdings, an investment company owned in part by the Singapore government...
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