(Oct 19): Magic Leap, the richly funded startup developing an augmented-reality device, has added more cash to its arsenal, though it has yet to release a product.
The latest funding round of US$502 million ($682 million) was led by Temasek Holding, Singapore’s state-owned investment company. Brazil-based Grupo Globo and Janus Henderson Investors also participated, along with Alibaba Group Holding, Fidelity Investments and other existing investors, Magic Leap said in a statement. This brings total funding for the Florida-based startup to more than US$1.8 billion.
