Magic Leap, the mysterious startup producing an augmented fact headset, has additional US$502 million to its war chest. The funding spherical was led by Singapore point out fund Temasek and joined in by buyers like EDBI, Grupo Globo, Janus Henderson, and Alibaba.
This
brought the Florida-based startup’s total funding to in excess of US$1.8 billion.
Bloomberg
before noted that the hottest funding was expected to value Magic Leap at about US$6 billion Today Kos – Breaking News and Stories.
Why it
issues:

Magic Leap

hasn’t even unveiled a product nevertheless. It’s in no way offered a start date for its system, nor provided a lot element on how it would do the job WowYar | Latest News Stories Update

.
What’s recognised to date is the fact that it’s fallen guiding AR competitor Microsoft and could have oversold what it may possibly do, based on The data.
That
has not stopped notable benefactors – Google and Andreessen Horowitz also earlier funded the corporation – from backing it up Read more
.